Net Investment Flows Turn Positive As Growth Picks Up

Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member companies beating analyst expectations. Even though the third quarter is generally the weakest quarter of the year for firm’s, the trend reported in the first half has continued with year-over-year profit growth is estimated at nearly 8% for the S&P 500, below the double-digit gains seen in the first two quarters of…