It appears an earnings recession has been averted and better earnings days lie ahead, though trade uncertainty is a huge wild card.
Investors aren’t quite out of the woods yet with trade tensions.
Lowered long-term muni view from Neutral/Positive to Neutral
Escalating U.S.-China trade tensions caused stocks to sell off more than 2% last week.
First quarter productivity rose at the fastest year-over-year pace since 2010.
The May through October period has historically been the weakest six months for equities.
Markets are positioning for the first Fed rate cut in 10 years.
The S&P 500’s new record high set last week ended a more than 7-month drought without one.
First quarter GDP growth was surprisingly strong.
U.S. stocks are sitting at the same levels they were seven months ago, but the path hasn’t been straight.