What is my bias on US stock indices?
I'm certainly not an economist, but I think a hike in rates is not far off, the US is the place to be and higher rates will amount to normalisation of economic policy, it will be good for stocks, but the USD will go up, crimping exports, so that could hinder them.
While Europe and much of the world flounders, the US economy is moving ahead.
From an historic point of view stocks have got a lot of catching up to do, I calculated a while back that since 2000, if the Dow had increased at its historic rate it would be 30,000.