US equities currently have the highest returns on equity in the world, and changes in business and policies are only going to improve market fundamentals, says David Daglio, lead portfolio manager of the Boston Company US Opportunities fund.
The world’s largest credit crisis in 60 years is finally over, and the healing process is largely complete. The US housing market - whose collapse precipitated the crisis – is on the mend, and as a result, consumption should grow. While the market has discounted much of this, there are a few bright spots which have yet to be priced in. Chief among them is the potential acceleration of investment spending, as economic improvement boosts CEO confidence, unleashing years of pent-up demand. Bright spots Investors are digesting what happens at the macro level, such as the market’s shif...
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