Asset Allocation Strategy
Is US Equity Market Dominance Set to Pause or End?
Wed 18th November, 2020

The outperformance of the US equity market has been a significant and persistent trend for much of the past 10 years. US outperformance is intricately linked to the outperformance of growth over value stocks, or in sector terms, the dominance of the US technology sector over the rest of the global equity market. In this week’s macroeconomic review we discuss:

  • The relentless re-rating of US equities
  • The significance of bond yields and earnings growth outcomes
  • The ability for the rest of the world to stage an earnings comeback and regain performance dominance over the US

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Disclaimer

This document has been prepared by Wilsons Advisory and Stockbroking Limited (AFSL 238375, ABN 68 010 529 665) (“Wilsons”) and its authors without consultation with any third parties, nor is Wilsons authorised to provide any information or make any representation or warranty on behalf of such parties. Any opinions contained in this document are subject to change and do not necessarily reflect the views of Wilsons. This document has not been prepared or reviewed by Wilsons' Research Department and does not constitute investment research. Wilsons makes no representation or warranty, express or implied, as to the accuracy or completeness of the information and opinions contained therein, and no reliance should be placed on this document in making any investment decision. Any projections contained in this communication are estimates only. Such projections are subject to market influences and contingent upon matters outside the control of Wilsons and therefore may not be realised in the future. Past performance is not an indication of future performance.

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Written by

David Cassidy , Head of Investment Strategy

David is one of Australia’s leading investment strategists.

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