Our basic read on the macro picture in the US is quite positive, so we are less concerned about some of the things (credit risks, re-accelerating inflation) that some investors have worried about. The improving economic outlook in the US, stronger loan growth, and declines in credit losses should all be supportive for the S&P 500. As long as the macro news in the US continues to signal improvement we are likely to maintain a pro-risk bias.
We favor gaining exposure to the US stock market. Do you have the same view?
We favor gaining exposure to the US stock market. Do you have the same view?
