US Stock Market Strength Continues

The US continues to enjoy a stellar period of progress – both economically and in the markets – with consumer confidence now at a 14-year high

Mark Preskett 2 November, 2017 | 8:50AM

Despite an unpredictable government the US stock market continues to rise

There isn’t much for investors to be complaining about at present; unless you are a contrarian investor facing stretched valuations. Positive economic and market-driven data is widespread and continues across the majority of key markets. Economic growth and confidence gauges are strengthening, especially in the US, Europe and China, while corporate profitability continues to improve and unemployment edges lower.

This is a typical recipe for a cyclical market upswing, with participants pricing in the optimism while some commentators debate the durability of the economic expansion. The US continues to enjoy a stellar period of progress – both economically and in the markets – with consumer confidence now at a 14-year high and markets continuing to break new records.

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About Author

Mark Preskett  is a Senior Investment Consultant & Portfolio Manager for Morningstar UK                       

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