Why it will not take much to tip the US into recession

Driven by global trends and risks

Investing in the US today means making a call on the global equity market says Wouter Volckaert, global equities fund manager at Henderson Global Investors

This is best illustrated by the fact Europe is the worst performing region year to date. A starting point of improving economic growth, a cheap currency, a supportive central bank and a valuation discount relative to other developed markets did not help it escape the current market turmoil. Equity markets have been characterised in recent years by a gradual unwind of the BRIC bubble. Emerging markets equities have underperformed developed market equities since 2010. Commodity prices peaked in 2014 and corrected substantially since. And the fall-out is now spreading to industries and s...