We continue to look for the US stock market to outperform.

#1
The last few months have been dominated by the stabilization in the US economic cycle and reduction in system risk. While the market has been steadily upgrading its view of the US's domestic recoveries, we doubt that this process is done. We believe that the upcoming macro news - decent activity data and benign inflation - is likely to provide a further boost to the S&P 500.



We believe that a rally in the S&P 500 index is likely. Do you have a different view? Feel free to discuss!