|Liz Ann Sonders – Chief Investment Strategist
Brad Sorensen – Managing Director of Market and Sector Analysis
Jeffrey Kleintop – Chief Global Investment Strategist
Unprecedented! Or Maybe Not?
“Unprecedented” political issues have injected volatility into the market but prices have quickly recovered. Investors shouldn’t get too caught up in political controversies and criticisms. Economic data and earnings growth remain the key drivers of market appreciation. Employment data, stable manufacturing reports, and improving production data should keep the Fed on track for a June rate hike. Internationally, investors should keep an eye on China. Recent data indicates a potential slowdown which could lead to a pullback in commodity prices and lower earnings expectations in emerging markets, Europe, and Japan.