Will the great American equity rally soon begin to stall? The US share market has staged a remarkable rally since it hit lows in 2009, but with the American economy now adding jobs at a stunning pace, a normalisation of interest rates has become inevitable. We believe that normalisation of cash rates in the US will trigger the end that great post-GFC rally over the next two years as bond yields and PE ratios also normalise. The good news is that there will still be opportunities for investors in stocks exposed directly to the US economy as employment and consumption rebound, such as McDonalds and Walmart. Read more: (VIEW LINK)