Bull market is here for another 12-18 months: Steve Brice, StanC

NEW DELHI: The bull market is here to stay for another 12-18 months, feels Steve Brice, Chief Investment Strategist at Standard Chartered Bank. In an interview with ET Now, the expert said that investors must look for opportunities in the market on every dip.

Brice is of the view that the global markets are headed for high volatility in the months to come. He believes that Greece debt issue would take the centre stage in the near-future.

The StanChart's CFO sees extreme volatility between August-end and October.

Brice believes that that US Fed may kick start interest rate hikes in the month of September. The outlook on US interest rates is going to be crucial for global markets, he said.

US stocks ended a tad lower on Tuesday as a jump in bond yields hit stocks of utilities and other top dividend-payers. Energy stocks gained. There was some optimism in the market amid hopes that Greece could seal a deal with creditors.

The S&P utility index fell 1.4 per cent overnight, leading the losses among S&P sectors. The US long-dated Treasury debt yields rose to two-week highs overnight, Reuters reported. Utilities and other dividend-paying shares tend to compete with bonds as investments.