AUGUST - Market Commentary
Introduction The news in July really could not have been much worse. The threat of a trade war between the US and China simmered throughout the month, and then on 31st July President Trump ramped up the tension with proposals of a 25% tariff on $200bn (£152bn) of Chinese imports. China has alr...
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The USA Equity Markets
The slow but steady market expansion that began in 2009 is one of the longest in USA history and it continues. If this market expansion carries on, it will exceed the 10 year record of the late 1990s. The USA is firmly in the late-cycle phase, many portfolio managers believe the global economic momentum has peaked, but recent changes in policy in the USA and China are supportive of propping up the markets and keeping business cycle going.