US Stock Market Rally Will Slow

Having enjoyed a strong rally in American share prices over the last five years investors should expect more moderate returns over the 12 months

T. Rowe Price 18 February, 2014 | 12:33AM
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This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, T. Rowe Price US equities portfolio specialist Helen Ford explains why US equity growth is slowing.

Since the global financial crisis, and despite ongoing macroeconomic and political headwinds, US equities have performed strongly from the lows seen in March 2009. This should continue in 2014, with further modest equity gains stemming from both earnings growth and P/E multiple expansion.

After a five-year bull run US equities could be vulnerable

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T. Rowe Price  T. Rowe Price is a global investment management firm dedicated to helping clients achieve long term success.

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