Sceptics of the rally in the US equity market worry that valuations are misaligned in relation to earnings. Valuations have become stretched, they fear. Last week’s second reading of US…
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IT upgrades in response to Covid-19 appear to have run their course. However, Google (or Alphabet) provides a good insight into the innovation that could ignite a new wave of…
‘Old economy’ stocks were in the ascendency again last week, pushing the S&P 500 up to new highs. Materials, consumer staples, financials, utilities and industrials were all strong. The stock…
The stage is set for several months of strong payroll reports in the US as unemployment benefits expire. This may belatedly put some upward pressure on Treasury yields. Small business…
Despite the spread of the delta variant of Covid-19, it seems premature to talk about growth ‘concerns’ in the US economy. On the contrary, the Federal Reserve’s latest Senior Loan…
