Paul Christopher, head of global investment strategy at Wells Fargo, said U.S. stocks are set for a rally not seen in 30 years. Paul Christopher believes markets today resemble those in 1995, when stocks boomed and the S & P 500 index hit 77 all-time highs. Investors are likely to face a similar environment. That is because inflation is falling, the economy "is not collapsing" and the commerce department estimates second-quarter gross domestic product growth of 2.8 per cent from a year earlier. Paul Christopher told CNBC on Thursday that the Fed was "well placed if it can be proactive enough".