US: No sign yet of investor 'euphoria'

Worries over underlying drivers

clock • 2 min read

Riding the rollercoaster of the Trump administration is full of unexpected twists and turns.

We urge investors to pay attention to the over-demanding valuations it has created in some sectors of the US equity market; multiples have increased over the last six months in the hope of a pro-growth policy, and hope can never be considered a solid basis for an investment strategy.  Firstly, many of the proposals currently under discussion are without widespread support.  Secondly, even among Congressmen, the great divide between deficit hawks and progressive Republicans is playing out; at this stage, no one has a credible and politically acceptable plan to finance the announced tax...

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

'Trade risks remain' after Canada scraps digital services tax on US companies
US

'Trade risks remain' after Canada scraps digital services tax on US companies

Tariff talks likely to be extended

Sorin Dojan
clock 30 June 2025 • 4 min read
Trump says US and China sign trade deal in potential tension cooldown
US

Trump says US and China sign trade deal in potential tension cooldown

'Everybody wants to make a deal'

Sorin Dojan
clock 27 June 2025 • 1 min read
US intervention in Iran-Israel conflict will likely leave nations without a trade deal
US

US intervention in Iran-Israel conflict will likely leave nations without a trade deal

Tariff pause nears end

Eve Maddock-Jones
clock 25 June 2025 • 4 min read
Trustpilot