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

Muted US earnings expected

Ebru Smith
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Managers expect a general slowdown in the SU over the next 12 to 18 months
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Managers expect a general slowdown in the SU over the next 12 to 18 months

"Recession-like" conditions in the US and the potential for a Brexit deal agreement were some of the biggest themes discussed at Investment Week’s bi-annual Channel Islands Summit last week.

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...

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