US

Managed fund since 2017

Economic and investor implications

Believes US is best place to invest

Spotlight on central banks

Current affairs, not debt, could be the main trigger

Since the downturn at the close of 2018, US equities have rebounded with smaller caps up over 16% and outpacing the returns of large caps.

At the start of 2019 there were three main reasons to be bearish.

The most significant consideration for all investors in the US is the actions of its Federal Reserve.

Dovish Fed contributing to forecast

However contagion risk is limited