O’Shaughnessy: Stocks The Place To Be Over Next Several Years

Author and money manager James O’Shaughnessy says that the Federal Reserve’s recent increase of the Discount Rate was “not a big deal”, and that he’s still very bullish on stocks over the longer term. O’Shaughnessy tells CNBC that he thinks factors are in place that will make stocks the “asset class of the choice” over the next three to five years.