Sun, July 01, 2018
Markets during the second quarter were seemingly caught in a “tug of war” between optimism and pessimism, as global equities struggled to break out of a trading range. Enthusiasm about economic momentum and strong U.S. earnings results was offset by worries about escalating trade tensions. Optimistic investors are expecting President Donald Trump to “declare victory” on trade before mid-term elections, clearing the way for equities to advance to new highs.