Since the start of the year the S&P 500 has risen from 1,257 to 1391, which represents almost a 10.6% increase. Meanwhile, the Dow Jones has risen from 12,217 to 12,836, an increase of 8.9% year-to-date.
Of course these returns haven’t come without a slightly bumpy ride along the way. But decent corporate earnings, a rebalanced housing market, and a banking sector seen to have refinanced most of its bad debts, have all been positive drivers for American equities.
Is this set to change in 2013? Aside from the fiscal cliff everybody is talking about, there are other factors you should be aware of when considering clients’ allocation to the US.
Here Scott Migliori, US chief investment officer at Allianz GI, reveals what they are…
