Stocks are headed higher, particularly in the sectors of food and agriculture, household products, energy, healthcare and information technology, says Bob Parker, senior adviser to Credit Suisse Asset Management.
"I can't think of any reason why we should have a market pullback," he says.
"If you look at the next few months, the economic numbers are going to remain very strong."
Parker sees U.S. economic growth hitting 4 percent this quarter and next.
He is bullish on the rest of the world too. Corporate earnings in the developed world are likely to show a 20 percent gain for the first quarter from a year earlier, Parker told CNBC.
As for the stock market, “I can buy the argument that we may have a moderation in the rally, but I do think the trend for the next 2 to 3 months is upwards,” he said.
The market has already taken into account the bad news, such as Europe’s sovereign debt woes and the need for monetary tightening in China, Parker says.
“That’s all discounted, and I think the market’s ignoring what will be a very good quarter for economic and corporate earnings numbers.”
Money management titan Pimco is about to dip into stocks itself.
“You will see us offer a handful of strategies that are globally oriented that can benefit from Pimco’s (currency and economic) insights” Neil Kashkari, the firm’s head of new investment initiatives, told Bloomberg.
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