US fundamentals strong despite correction

Original article by David Rogers
The Australian – Page: 18 : 22-Oct-18

The S&P 500 recently shed nearly eight per cent, although it has recovered much of the lost ground and remains five per cent higher than at the start of 2018. Kevin Anderson of State Street has downplayed concerns about the recent pullback by US equities, arguing that Wall Street was largely catching up with the bond market and overseas markets. Anderson expects the US sharemarket to rise in 2019 and he is upbeat about the outlook for the US economy, while he forecasts that the Federal Reserve will lift interest rates to about three per cent in 2019.

CORPORATES
STANDARD AND POOR’S 500 INDEX, UNITED STATES. FEDERAL RESERVE BOARD

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