Threadneedle's Weldon: An American century?

Threadneedle's head of US equities Cormac Weldon considers how far along the road to recovery the US really is, as well as which sectors will support and benefit from the economic revival.

The increasingly busy car showrooms and the growing numbers of Americans attending realtor open house events confirm the message conveyed by the dry macro statistics - America's economic outlook is improving steadily. We all know the collapse of the housing market plunged the US and subsequently the global economy into recession. Today, America is leading the global economy out of the downturn and the housing sector is proving to be a key driver. Recent statistics have certainly been encouraging. The number of homes for sale has fallen to its lowest level for ten years. Competition am...