Markets have largely taken current concerns in stride, suggesting that the fundamental backdrop has provided a strong enough foundation.
Governments across most major economies continued to spend, which can find its way into corporate revenues and supports broader economic activity.
Corporate earnings have been strong, with six consecutive double-digit earnings growth quarters for S&P 500 Index companies. The US economy has continued to show resilience.
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By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights
A prominent television host recently asked me whether this is an Alfred E. Neumann market. The reference, of course, was to the Mad Magazine character and
