Investment markets are late in the economic cycle, the issue being that you never know when the end will come. However, there are some signs that it is not here yet for US equities at least – and there is the potential that US equities will hold the rest of the world out of the abyss for a little while longer.
The main factor that gives me comfort with the US market is the strong earnings growth that continues to define the US market. In general, when forecasts earnings are rising strongly markets don’t have 20%+ corrections: