GDP contracted by 1% in the first quarter of 2014, nevertheless, the U.S. economy is not at risk of retreating thanks to a roaring stock market and an activist Federal Reserve, says Kevin Mahn, president of Hennion & Walsh Asset Management. Mahn expects a strong second half rally in U.S. stocks, and says European stocks will also show impressive returns by year end. Mahn says the U.S. is in the early stages of a secular bull market, which generally last between 5 and 25 years. Finally, Mahn says worries about a bond market implosion - especially high yield bonds - are overblown.

If you liked this article you might like

Novice Trade: SPY

Novice Trade: SPY

How ETFs Can Boost Your Portfolio

How ETFs Can Boost Your Portfolio

How to Use Options to Your Advantage in This Manic Stock Market

How to Use Options to Your Advantage in This Manic Stock Market

Don't Hate the VIX Game, Hate the 'Tourist' Players

Don't Hate the VIX Game, Hate the 'Tourist' Players

Don't Hate the VIX ETPs, Hate the Tourists

Don't Hate the VIX ETPs, Hate the Tourists