Latest views

Trade gloom tempers the US earnings boom

US earnings growth appears on track for another bumper quarter supported by solid economic fundamentals. Early reporters have beaten expectations and we expect another quarter with more than 20% S&P 500 EPS growth. But trade tensions continue to escalate and additional tit-for-tat tariff increases can’t be excluded – a risk that does not appear to be priced into US stocks.

Preparing for the second half

At the start of the year, my inbox was full of questions about Catalonia, Saudi Arabia, and President Donald Trump. Six months on and it’s volatility, Italy, North Korea…and President Trump. (Some of) the narratives may have changed, but the sense of trepidation hasn’t. At half time in the 2018 World Cup of investing, we ask ourselves: What’s working well? What isn’t? And what are our tactics for the second half?

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Questions we're tracking

Each month we will answer five of the top questions on investors' minds and on our minds as we determine our House View positioning.

Thematic spotlight

Enabling technologies, including artificial intelligence, augmented reality/virtual reality, big data, cloud computing, and 5G, now represent about a mid-teens share of overall global IT spending.

Key topics

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