DriveWealth Strategist Sees 'Fragile' Global Economic Outlook
DriveWealth Head Market Strategist Brian Dolan discussed the global economy on a recent episode of Benzinga's #PreMarket Prep.
Dolan had a "fragile global outlook" as central banks continued quantitative easing programs. Additionally, he noted how the U.S. Federal Reserve had backed away from tightening monetary policy.
Stocks Reign Supreme
Despite the outlook, Dolan said there "is no alternative to stocks," and added that "there is no likely upside for interest rates anytime soon, and so the only investment alternative that makes any sense is still stocks."
Global market highs in equities, however, did present a concern as some markets appeared to be stalling, so Dolan recommended being patient and buying on dips in the current environment.
Listen to the show here:
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