The US stock markets have continued their strong surges ahead in recent months, although some fund ma...
The US stock markets have continued their strong surges ahead in recent months, although some fund managers are warning against a surfeit of optimism. Robert Siddles, head of US equities at Gartmore, says that the most striking thing about the US markets is that they hit such record highs in the past few months. He comments: "There are several factors behind this. Firstly, the Fed's decision to raise interest rates by only 25 basis points has had a positive psychological impact. It has sparked renewed confidence in technicals and in some growth sectors. "While the outlook is optimistic,...
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