Legg Mason affiliate ClearBridge Advisors believes the case for investing in US medium and large-cap companies is the best in more than 50 years.
Modest improvements in economic indicators suggest equities could have hit their nadir, says Bob Doll, BlackRock's vice chairman and chief equity strategist for fundamental equities.
America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.
Leading fund managers have staked their reputations, and their clients' money, on a sustained UK economic recovery by adding to equities and cutting their bond holdings in the past month.
Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.