Inflation puts the pressure on

The continuing strength of the US market will come under pressure from inflationary factors, although productivity gains should ease the problems caused by wage inflation and a strong commodity market. Emerging from the deflationary emerging markets crisis, the US economic fundamentals are looking good. Rupert Della Porta, investment director of US equities at Hill Samuel Asset Management, says: "There are pretty high valuations in the US this year, but we are entering the longest period of expansion in the post-war period. "There is still a legacy of low inflation and a robust growth in ...