Merrill Lynch Wealth Management Head John Thiel spoke with FOX Business Network’s (FBN) Maria Bartiromo about the global economy saying, “we think the economy is moving along, it’s not growing fast, but it’s growing.” Thiel went on to say, “we still think U.S. equities are a place to be, Europe and Japan as well, but again in the context of a long term plan.”

John Thiel

John Thiel on the backdrop of the economy and investing:

“So we think the economy is moving along, it’s not growing fast, but it’s growing and importantly it’s growing we think in a sustainable way… when we think about the constructive nature of the economy and the value long-term that’s being built in stocks in this country as an investor, that’s a positive environment. You can look at valuations and say they’re higher than they have been but it’s relative to everything else, so we still think U.S. equities are a place to be, Europe and Japan as well, but again in the context of a long term plan.”

John Thiel on investing in Europe:

“We favor the U.S., but from a valuation standpoint our research team thinks Europe the develop markets, Europe, Japan have opportunities as well based on valuations and they’re constructed on both those economies long term. Obviously, the emerging markets are important in the long term but right now there are a lot of things going on there that perhaps a lot of people wouldn’t want to allocate as much.”