Equity Tips, Wall St Not In Bubble Territory, But Pullback Likely

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The Wall Street closed lower on Thursday after a nearly 12-day-long run as financials lagged on the back of the talk of a potential rate hike by the US Federal Reserve. PortShelter Investment Management believes going forward a rate hike will not have a significant impact on the US markets. The US markets aren’t at stratospheric levels and definitely not in a “bubble territory”, Richard Harris told CNBC-TV18. The founder of the investment consulting firm said that the US market is in a substantial bull run but there is a likelihood of a pull back after the recent rally.