'Recession-like conditions' central theme from IW's latest Channel Island Summit

The summit provided in-depth insights into the US economy, where the consensus expected muted earnings and a general US slowdown over the next 12 to 18 months resembling a recession. Managers feel that US equity valuations are at highly elevated levels and as a result have redirected their focus to Europe where they expect UK to reach an agreement, leading to a controlled pull out of Europe.  How much further can the US bull market run? Andrew Acheson, portfolio manager on the Amundi Pioneer US Equity Fundamental Growth fund, is certain there is a high risk of a US recession next y...