Bull market continues despite negative press

ON NORTH AMERICA

Dalton Strategic Partners' Peter Kaye on why there is much upside to the current US market.

Evidence for a continuation of the bull market in the US can be found by looking at the strength in the economy. While the headlines on poor housing data and a slowly recovering labour market seem to get the most air time, lead indicators for the economy are telling a different story. For months, the release of survey data from regional Federal banks has shown a dramatic improvement. In particular, the March release for the Philadelphia Fed business outlook index reached the highest level since January 1984. While the labour recovery has been slow, it also seems to be gathering moment...