It's a challenging global environment but investing is a game of relativity, and relative to the rest of the world, the US sits alone atop the mountain. Most economies in the Eurozone and around the world are flat lining, while Japan and Italy are technically in recession. Meanwhile the US has posted its best two-quarter growth rate since 2003, averaging 4.25%.
Economists are less enthusiastic about 4th quarter growth, with most estimates centering around 2.6%. But there are indications we could see continued outperformance through the end of the year. ISM manufacturing data released earlier this week shows that US manufacturers are not experiencing the slowdown that is being seen elsewhere. The headline figure showed solid expansion, at 58.7%, with fourteen of the eighteen industries increasing business during November.
More surprisingly, the US exports gauge rose to a four month high at 55%. Considering the relative strength of the dollar, which makes US ... Log in or subscribe to continue reading.