US equities got off to a strong start in January, boosted by better-than-expected ISM manufacturing data, the US unemployment rate and corporate earnings results.
We believe the economy is recovering, albeit at a pace that is below trend relative to prior recoveries.
Following unprecedented government intervention, the US equity market has rebounded over 70% from lows experienced less than year ago.
Anyone remotely optimistic about prospects for global equities over the next 15 years simply cannot avoid, or significantly underweight, US equities.
Concentrating on US healthcare reform has led many analysts to overlook other positives in the biotechnology sector
North American fund managers argue that US corporates offer the opportunity to benefit from rapidly growing emerging markets and thereby offer the best of both investment worlds
On 6 March, the market realised if Citigroup could earn its way out of the capital hole created by caustic debt holdings, less troubled banks could also.
Investors seem more than happy for the market to continue moving higher and the latest investor sentiment surveys indicate the bullishness among investors is now at levels not seen since 2007.
A year ago this week, Barack Obama officially became America's 44th president. Christopher Hancock, marketing strategist at Brown Advisory, looks at the economic challenges he has faced and the tests still ahead
We remain constructive on the outlook for the US equity market over the next year and continue to see upside potential for the S&P 500 Index to between 1250 and 1350 by the end of 2010.