"Certain adjectives come to mind in describing the US stockmarket," say Sarah Ponczek and Reade Pickert on Bloomberg. "Sprawling, resilient and diverse." But another suitable one is "old". The average age of firms listed in the US has been rising for three decades. It's now 20 years, twice the figure seen in the 1990s dotcom craze.
Viewpoint
The Consequences of Mr Keynes
MoneyWeek
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Donald Boudreaux, Cafe Hayek
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This chart pattern could be extraordinarily bullish for goldCharts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
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