The market continues to move sideways

By James Kinghorn, investment manager at Scottish Investment Trust Through the middle of January the US market rallied almost 20% from its October low but much of these gains were lost over the rest of the month. The quarterly earnings reporting season often provides a challenging period for the market. Investors place a lot of emphasis, arguably too much, on quarterly reports but particularly when the rate of economic growth is unclear. Admittedly many companies have still to report but on the whole results appear slightly better than forecast, particularly in the tec...