There seems to be no American excesses for serious shrinkage: Bruce Phelps

Bruce Phelps, Managing Director and Head of Institutional Advisory and Solutions at PGIM

Despite excellent returns over the past year, the US and Indian stock markets are on solid footing, supported by steady economic growth. BRUCE PHELPS, managing director and head of institutional consultancy & solutions at PGIM. In an interview with Samie Modak in Mumbai, Phelps notes that while more volatility could be on the horizon, the overall environment for equity investors remains favorable. Edited excerpts:

What factors do you think have supported the rise in global, US and Indian stocks over the past year?

As we entered 2023, there was widespread certainty that a recession was imminent. Some even posted

First print: March 24, 2024 | 11:58 PM IST