Americans are an optimistic bunch by nature. However, talk of secular stagnation, declining opportunities and faltering growth have become the topics de jour.
Last September, we estimated the chances of a US recession occurring in 2016 as one in three. This prediction was less bold than it sounds since recessions have occurred, on average, about once every five years in US history.
Utilities and telecoms are being negatively impacted by interest rate environment changes, but some sectors are showing resilient economic growth, says Evan Bauman, portfolio manager on the Legg Mason ClearBridge US Aggressive Growth fund.
So far in 2016, we have seen increased volatility and falling equity markets, but are investors ignoring the progress in the US as a result?
Although the S&P 500 index suffered its worst annual performance since 2008 last year, large technology positions and a focus on the growth drivers of tomorrow helped boost returns for the Natixis Loomis Sayles US Equity Leaders fund in 2015.