Uncertain US climate breeds caution but opportunities can still be found

The Debate

This week's debate looks at the US market, particularly why the S&P 500 is such a tough index to beat

This week's Conjecture focuses on the US market and, among other things, why the S&P 500 is deemed a difficult market to outperform, especially among UK-based fund managers. Taking part in the debate was US-based Sunil Jacob of Davis Advisors. Davis runs the American Growth fund for HSBC Investments (UK) Limited. Also taking part was UK-based Cormac Weldon, head of US equities at Threadneedle. What do you make of the inflation situation in the US and how do you think Ben Bernanke compares to his predecessor? Cormac Weldon (CW): We are probably in the eye of the storm at the moment in ter...