Uncertainty prompts bottom-up buying

By Andrew Hudson, director, head of North American equities at Isis Asset Management With the world on the brink of war, the problem facing the US economy is the lack of clear-cut projections about the outcome of conflict. This substantially increases uncertainty but shouldn't blind us to the fact that America's economy has inherent structural problems that won't ' and can't be expected to be ' overcome overnight. Some solace is to be taken in the view that if war does start, it is likely to be short and sharp, but even so the US is in a period of limbo. We are unlikely to see th...