Summary
- The current pessimism is puzzling because it’s happening at a time when key macro pressures appear to be easing.
- Strong earnings growth alongside a Federal Reserve that’s on hold can be a constructive combination for markets.
- This market cycle will end. It always does. But it typically hasn’t ended with credit spreads tightening and inflation expectations falling.
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By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights
I have growing anecdotal evidence that some investors think the market advance is too good to be true. That’s largely based on conversations
