Investors remain confident despite mixed data

ON THE US

clock

American Century Investments' David Hollond says there are signs of improvement in the US economy.

US stocks finished 2010 on an upswing, advancing in Q4 and posting double-digit gains for the second consecutive quarter. Signs of improvement in the economy, helped by QE measures and Congress’s 11th-hour extension of expiring federal tax breaks, sparked optimism among investors and provided a boost to the equity market that has carried over into 2011. Overall, small- and mid-cap stocks led the market’s advance by a wide margin. Despite that confidence, economic data remains mixed. Unemployment finished December at 9.4%. However, manufacturing was strong, and retail sales and consume...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

JP Morgan AM's Karen Ward: Investors should not 'trade' the US election
US

JP Morgan AM's Karen Ward: Investors should not 'trade' the US election

Focus on policy impact on inflation

Valeria Martinez
clock 14 March 2024 • 2 min read
Royal London AM launches Irish-domiciled US Equity fund
US

Royal London AM launches Irish-domiciled US Equity fund

Managed by Chris Parr

clock 13 March 2024 • 1 min read
LGIM CIO Laud: Magnificent Seven could be reaching bubble territory
US

LGIM CIO Laud: Magnificent Seven could be reaching bubble territory

Favours thematic approach to AI

Valeria Martinez
clock 11 March 2024 • 2 min read
Trustpilot