Balancing acts
Last week was a flat week for global stock values, but with a fair amount of dispersion. US returns were once again weighed down by tech, but the UK and Europe were up over 1% on Friday. The overall sluggish picture seems a strange reaction to supportive comments from US Federal Reserve chair Powell and a healthier than expected US economy, but markets are chewing on a few things.
Why investors look so much to the US
We sometimes get asked why we write so much about US stocks and the US economy. We are a UKbased investment manager, with significant investments in UK capital markets – and yet we talk much more about the US S&P 500 than the UK Large-Cap index. This might be a little confusing, and so we feel it is time we briefly explained why the US is so important for global investors – both in terms of economy and its capital markets.
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This material has been written on behalf of Cambridge Investments Ltd and is for information purposes only and must not be considered as financial advice. We always recommend you seek financial advice before making any financial decision.
Past performance is not a guide to future performance.
The value of your investments can go down as well as up and you may get back less than you originally invested.Source of financial market data: MorningstarDirect.