Concerns over "extreme valuations", a slowing growth backdrop and uncertainty over future earnings growth have seen some investors pare back their US equities exposure, while others expect the longest bull market in history to endure as the market’s key indices continue to break records.
The Dow Jones Industrial Average hit an all-time high early last week amid reports that the White House was planning to hold back on further trade tariffs on China. Vibrant capitalism and Silicon Valley: The secret sauce of US equities It followed the S&P 500 and Nasdaq Composite indices, which also posted record highs late the previous week after the US jobs report delivered more encouraging figures than had been expected. Since the bottom of the market on 9 March 2009, the Dow and S&P 500 have returned 442.4% and 467.6% respectively to 5 November, according to FE Fundinfo. Mea...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
