Absolute Return Partners ponders looming US stock market reversion

Wall Street

Absolute Return Partners recommends keeping a lid on equity beta positions as US stocks look set to mean-revert following their long bear run – with shipping and uranium being two investment themes arising out of the move. 

In ARP’s March note, founder and chief investment officer Niels Clemen Jensen observed how US equities remain relatively expensive, with corporate profits not as strong as the stock market would suggest, and S&P 500 operating profits out-of-sync with NIPA (National Income and Products accounts) profits.

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