US company outlook not consistent with 'imminent US recession' forecasts

Stronger than 2015

After attending a renowned industry conference in the US last month, it struck me the commentary coming out of company management on the economic backdrop was somewhat less negative than the stockmarket would have you believe.

While industrial companies were unsurprisingly indicating a generally tough backdrop (especially those more directly exposed to the oil supply chain), the message from consumer facing companies was quite encouraging. Overall, the feedback from companies was not consistent with concerns of an imminent US recession that seem to be circling in stockmarkets. The global opportunities driving managers' income portfolios This is interesting because the share price performance of stocks seen as ‘stable' and the chart highlights the underperformance of value stocks versus growth stocks is now ...