With US markets soaring to record highs, many investors have questioned whether the best of the returns have already been made in this market. Annabelle Williams takes a closer look at how investors are positioning their portfolios after the market rally.
The US equity bull run has surpassed all expectations this year with investors’ confidence in the market soaring. During the first half of 2013, the S&P 500 surged 17.5% to a record high of 1,669 on 21 May – well above its previous peak in 2007. The Dow Jones soon followed, pushing ahead to reach a new high of 15,409 on 28 May. This burst of investor optimism is based on data which suggests the fragile US economy is finally turning a corner. Last Tuesday, Standard & Poor’s upgraded the government’s credit rating from ‘negative’ to ‘stable’ in another confidence boost for the country. ...
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