Four US firms to invest in now

A professional investor tells MoneyWeek where he’d put his money now. This week, Gordon Elvey, senior fund manager, JOHCM US Opportunities Fund on where the US housing market is heading, and which sectors he is concentrating now.

A professional investor tells MoneyWeek where he'd put his money now. This week: Gordon Elvey, senior fund manager, JOHCM US Opportunities Fund

One of the big questions in the US at the moment is: where is the housing market heading? The market is certainly softening as the steady rise in existing home inventories has shown, but in my opinion a collapse in house prices is unlikely. Rather, I would expect to see prices levelling off to a small decline, similar to that seen in the UK last year. Also, in line with the UK, I'm expecting a softening in US consumer spending, which, moving forward, will hurt retail earnings.

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