Concerns remain over commodity prices

US economic fundamentals remain good, with corporate spending being the main driver of growth, but there are concerns about higher commodity prices and whether or not Asian banks will keep buying the dollar. Strategist Tom Elliott at JP Morgan Fleming thinks the US is running above trend growth. Company earnings have remained good following ongoing cost-cutting measures but corporations have been spending more money on capital expenditure. Frederic de Merode, senior strategist at Fidelity, points out that of the 477 companies in the S&P 500, 373 reported higher earnings, 86 reported l...