The US market continues to defy the naysayers with another impressive year of performance. The S&P500 has risen 24% YTD total return (31% in A$), a return that is comfortably ahead of both the rest of world equities and our local market. Outperformance has been skewed toward the second half of the year, helped by strong performance from big cap US tech as well as a resurgent US$.
Despite a recent wobble around Omicron and a more hawkish Fed, the US equity market has had another extraordinary year pulling well clear of rest of world equities and Australia in recent months. Reviewing this performance we explore:
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David is one of Australia’s leading investment strategists.