• Expect the Bull Market to Resume: Following equities’ steep Q1 ascent, we expect equities to keep climbing, though the pace likely slows in the year’s second half.
• Strong Economic Drivers: In both developed and emerging markets, economic drivers remain strong. We believe these fundamentals will come to the forefront as sentiment improves.
• Global Political Gridlock: In much of the developed world political gridlock persists decreasing the likelihood that sweeping legislation, potentially hurting equities, passes.
