Liz Ann Sonders – Chief Investment Strategist
Brad Sorensen – Managing Director of Market and Sector Analysis
Jeffrey Kleintop – Chief Global Investment Strategist
Sell in May…or Settle In?
The underlying foundation of the bull market looks solid. Economic growth is good but not overheated, corporate profits are strong, inflation is tame, global and political risks have been tempered, and fiscal tailwinds are developing. The current data is positive enough to keep confidence high, but not enough to make the Fed more aggressive. Overseas, a potential slowdown in China could lead to a pullback in emerging market stocks which have been up more than 20% over the last 12 months.