In view of Greg Gibbs, analyst at Amplifying Global FX Capital, the US economy may have reached peak growth and equity market out-performance in 2018 and the growth is likely to slow over the coming year.
“The corporate tax cuts supported equities directly, and the overall fiscal expansion boosted economic growth. The positive effects of this stimulus are still playing out, but they are likely to be past their peak. As such economic growth and activity indicators are likely to show weaker growth over the coming year.”
“Furthermore, the lower oil price and slowing tech sectors are likely to have more of a dampening impact on the US economy and equities than many other developed and emerging economies.”
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