"This business cycle is more organic, sustainable and durable than other business cycles. I don't think we're nearing an episode of recession at this point. ... Comparing relative unit labour costs around the world, the US is winning the battle, and it's showing up in returns on equity and profit margins." - James Swanson of
MFS Investment Management
PHOTO: MFS INVESTMENT MANAGEMENT
THE biggest opportunity in markets now lies in large-capitalisation US stocks in the technology, banking and consumer-discretionary sectors, the chief investment strategist of a large Boston-based asset manager has said.
James Swanson, who oversees strategy for US$450...