By Kate Santichen and Turner Cowles
October 20, 2015

Is a bear market imminent? Probably not, says one Wall Street strategist. “We’re not seeing the typical signs that you see right ahead of a bear market,” says Russ Koesterich, the global chief investment strategist at BlackRock. That being said, Koesterich shares a few things he thinks investors should keep in mind.

Have modest expectations. Take into account where we are in the cycle and remember valuations have stretched over the last five years. “It’s very unlikely we’ll see consistent years of double digit returns,” he says.

Keep an eye on bond market proxy stocks. These high-dividend stocks, like utilities and consumer staples companies, have gotten relatively expensive as people have searched for yield.

Read next: How to Stay Zen About the Market

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