Chris White is a fund manager at LeggMason Investors Despite the recent bounce in equity markets...
Chris White is a fund manager at LeggMason Investors Despite the recent bounce in equity markets post-11 September and the optimistic economic data coming through, we believe recovery in the US economy and the stock market is far from certain. First, many leading companies are cautious in their outlook of the future and technology companies such as Intel are still reducing Capex. Second, despite the recent strength in car and house sales, it is likely the highly indebted US consumers will start to tighten their belts. Consumers are still spending while they believe money is ch...
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