Summary

• 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.

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

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