US Market Sector Outlook January 2013

Markets in 2012 were dominated by politics, leaving many fundamental investors and stock-pickers struggling with a ‘risk on, risk off’ investment environment. European leaders tackled the debt crisis at multiple summits that proved largely ineffective. Ultimately, it was left to the European Central Bank’s pledge to “do whatever it takes” to calm markets. America’s political landscape was largely unchanged despite a record $2 billion spent on an election which saw Barack Obama re-elected as President while Republicans kept control of the House and the Democrats, the Senate.

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