Survivors of dot.com bubble set to benefit from coming recovery

Recent months have seen a big improvement in investor sentiment. So where does the US market go from here and what will drive it?

More bullish observers note that more forward indicators, such as business-sentiment surveys, have become much more positive of late. And companies have meanwhile been merciless in slashing inventories. So any stabilisation in demand should spur a rapid uptick in production. Meanwhile, in the wake of the earlier market risk aversion, there is a vast amount of cash available to invest. There are a number of industries we believe have the potential to do relatively well should challenging conditions persist. Having survived the difficult conditions following the bursting of the dot.c...