The top strategist at $247 billion Lazard shares the 3 investment opportunities he's most bullish on in 2025 and beyond

Clerks relay orders from traders on the trading floor behind them during a frenzy of activity in the Chicago Mercantile Exchange May 15, 2001.

REUTERS

• US stock valuations are high, but Lazard's Ron Temple is bullish on future returns.
• Temple cites US innovation and economic strength as key factors for a positive stock outlook.
• Temple also sees opportunities in emerging markets outside China and in Japanese stocks.

Yes, US stock valuations are high. Yes, that will dampen forward returns to a degree...