In the midst of long-lasting economic expansion.
With a friendly Fed, low sovereign-bond interest rates, equity bull market should continue its upward
momentum.
However, domestic strength will be offset by a loss of momentum internationally, excaberated by
weakened global PMI, and strength of USD, which would impact large cap U.S. MNCs with overseas
exposure.
Likely to see widening dispersion of stock => long-short stock picker market.