L&G: US revival on horizon

That is according to Julien Garran, chief strategist at Legal & General Investment Management (LGIM), who said investors should be “wary” of countries outside the US. Tighter monetary conditions, he said, had always suggested the rest of the world would slow six months after the US. Calculations showed European monetary conditions deteriorated just as US conditions recovered. Garran thinks the most recent fall in the US dollar would further reinforce the trend. There is a consensus of confidence in sustainable European expansion but LGIM thinks confidence has hit its peak just as that g...