US equities to slow down following rally

Having seen US equities, as measured by the S&P 500 Index, trade within an extremely narrow range for almost a year, investors will certainly have enjoyed the sharp rally which has followed last October's US presidential elections. However, there are some important factors for market performance which are now very much in transition. The most notable of these are economic growth, and the outlook for corporate profitability. Expectations are generally for US growth to moderate this year, reflecting headwinds from domestic factors such as reduced fiscal stimulus in the wake of President Bu...