Russell Investment Chief Market Strategist Stephen Wood expects gradual economic recovery in the U.S. with some global stabilisation improvement.

SHOWS: NEW YORK, USA (JANUARY 29, 2015) (REUTERS - ACCESS ALL)

1. RUSSELL INVESTMENT, CHIEF MARKET STRATEGIST, STEPHEN WOOD, SAYING:

JOURNALIST ASKING STEPHEN WOOD: 'You know it's been six years since the last bear market. U.S. markets a little growth in December and January, has the bull market officially stalled?'

WOOD: 'I think that is premature to conclude, we are not calling for a recession in 2015 in the United States, nor do we see one in 2016. We don't see an overly aggressive Fed tightening cycle, so for us the most likely scenario is that we get this continued grinding and bit by bit improving economic recovery in the U.S., some stabilisation improvement globally and we think that valuations are going to be important. United States valuations look kind of fairly valued, if you look at Europe and other areas of the world where valuations are more attractive then it becomes a stock by stock multi-asset strategy of finding better investments.'