Is there much value left in US equities?

As the US continues on its upward growth curve, it is natural to question how much value is left in US equities, says John Arege, managing director, US equity, at Goldman Sachs Asset Management

With the US economy having performed so well for so long, especially relative to other developed markets, it is natural to question how much value is left in US equities. Surely the opportunities for stock investors are now limited, the received wisdom goes, if even the central bankers are satisfied all the indicators are moving in the right direction and are preparing for a tightening cycle as a result? Obviously some sectors offer more opportunities than others, given the collection of factors likely to weigh on the market in the year ahead. At the top of the list on the positive side ...