A pending leadership shift for global stocks?
Stocks should overcome trade issues as well as growth and earnings worries.
Trade issues may continue to cause trouble but shouldn’t derail the bull market or end the economic expansion.
Investors should start paying closer attention to the possible risks that could end this bull market.
We believe the longest running bull market in history still has legs.
We think the global economy will continue to accelerate.
We remain positive on the global economic expansion, provided trade restrictions do not accelerate or deteriorate.
We do not see a specific catalyst likely to spark an imminent recession.
We maintain a mostly optimistic view toward equities and other risk assets.
So far, 2018 has been a year of contradictions.