PRO Talks: Money manager Joe Fahmy says the bull market is entering an 'acceleration phase'

Published Fri, May 11 20183:36 PM EDTUpdated Fri, May 11 20183:49 PM EDT

Money manager Joe Fahmy thinks the ongoing bull market in equities has just entered an acceleration period and should prove more volatile in the months to come. In an exclusive interview for CNBC PRO with Mike Santoli , Fahmy defended his belief that the current bull market in stocks is only a couple years old. "I am in the camp that we started a new bull market after Brexit in July of 2016," Fahmy said. "We're basically toward the end of year two, which is what I think can be – I'm actually noticing a lot of similarities to the 1995 to 2000 timeframe." "1995 was a very low-volatility year," he added, drawing a comparison to 2017's historic market calm. "Then if we're going to continue with that blueprint, now we're heading into what I think will be the acceleration phase of this bull market. However, the big catch or backdrop is: we'll see more volatility." The investment manager's comment came as the major U.S. stock indexes looked to recoup losses incurred earlier in the year. Both the Dow Jones industrial average and the S & P 500 , which fell into correction territory in February and March amid a spike in volatility, are up more than 2.5 percent in May thanks to a rally in technology and energy stocks. Big names like Apple , Intel , and Nvidia have all help carried equities higher this month, adding 13 percent, 5 percent, and 13 percent respectively. The Dow traded roughly 40 points higher on Friday while the S & P 500 hovered around flatline. Fahmy, who's been trading in public equities markets for nearly two decades, said that while he's seeing solid growth in names like Netflix and Amazon, he's comforted that the good performance appears to be evenly distributed. "It's broad-based chemical names, paper names, industrials; it's pretty solid all around," Fahmy said. "Data centers are still hot, both the software, the hardware, the infrastructure, the data center REITs, so to speak. Data centers are still hot as data and storage and everything else continues to expand." Fahmy, managing director of New-York based Zor Capital , has worked in trading and investment management for over 19 years. His unique investment technique blends technical analysis, market forecasting, and risk management.

Money manager Joe Fahmy thinks the ongoing bull market in equities has just entered an acceleration period and should prove more volatile in the months to come.

In an exclusive interview for CNBC PRO with Mike Santoli, Fahmy defended his belief that the current bull market in stocks is only a couple years old.

"I am in the camp that we started a new bull market after Brexit in July of 2016," Fahmy said. "We're basically toward the end of year two, which is what I think can be – I'm actually noticing a lot of similarities to the 1995 to 2000 timeframe."