Equity market strength is unsustainable if the Fed opts to maintain current interest rates, Torsten Slok expressed in a Bloomberg TV interview.
Investors believe the US economy is headed for a "no landing" scenario, in which inflation doesn't reach the Fed's 2% target, but the economy grows.
Envestnet, a U.S. software vendor with a market value of about $3.5B is exploring options that could include a sale after receiving takeover interest.