DSP's Kaye calls bottom of US market

Melchior North American Opportunities fund manager is calling the bottom of the market in the US as a...

Melchior North American Opportunities fund manager is calling the bottom of the market in the US as an offshore replica of his fund is launched. Fund manager Peter Kaye has likened the current economic situation in the US to that of the early 1990s and sees market conditions now as an excellent buying opportunity. “A comparison with the recession in 1990, which was also property-led, suggests a bottom in the market may not be that far away,” he said. “Aggressive interest rate cuts by the Federal Reserve could provide a powerful catalyst. I would suggest that, later in the year, the US ...