Excerpt from "Market milestone: This is the longest bull run in history" by

Cumberland-Advisors-David-Kotok-In-The-News

"While this bull market and economic recovery may very well be old," LPL Financial strategists wrote to clients, "we see few signs that suggest an end is near."

David Kotok, chairman and chief investment officer of Cumberland Advisors, agrees. He believes that strong corporate profits could lift the S&P 500 to 3,000 before the end of the decade.

But the economic expansion, already the second-longest in history, also faces threats from tariffs and inflation.

An escalation of the trade war between the United States and China could derail global growth while causing headaches for the Federal Reserve.

"If the trade war does not ratchet down," Kotok said, "the Fed will have to fight more inflation with slower rates of growth. Therein lies a stewpot of risk."

Read the full article at CNN Money.


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David R. Kotok
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