Markets continue to climb the proverbial wall of worry and the S&P 500 index was back into record-setting mode in April.
Cyrique Bourbon joins London office
Last month the US yield curve inverted, with the yield on 10-year Treasury bonds dipping beneath the yield on 3-month Treasury bills.
The US dollar is close to peaking and the risks now seem to be on the downside.
More thought and selectivity required from investors
As has been reported many times, this business cycle has continued for a long time.