fund manager views

'Eye-watering valuations'

Real estate 'superior returns coming to an end'

'Perfect storm of threats'

Contagion risk with US and China trade war

Stronger balance sheets than producers

Amid a market that has chopped sideways so far in 2018, the stocks of US retailers have generally performed well, with a number of major name department stores and retailers seeing positive movement to their share price this year.

Quantitative tightening a risk

UK stockmarket under-owned by global investors

There has been a pick-up in volatility in the US market this year after an abnormally tranquil 2017. Concerns about the end of the cycle are mounting amid rising US interest rates and higher inflation and the end of quantitative easing. 

Concern over central bank actions