‘Most Hated Bull Market Ever’ in Stocks Won’t Burst, Buxton Says
AB's Zlotnikov Sees Markets as 'Fairly Complacent'
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U.K. money manager Richard Buxton dismissed concerns of a stock-market bubble, arguing there’s no reason equities can’t climb even higher in 2018.
The chief executive officer of Old Mutual Global Investors predicted mid single-digit returns in global stocks next year as Europe joins the U.S. in a sustainable recovery. Still, he conceded that some sectors of the market had “the characteristics of a bubble,” and said he understands why some investors are concerned.