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Analysts at J.P. Morgan explained that while trade tensions remain as a downside risk to growth and source of volatility for capital markets, we find it too early to change our constructive view of the U.S. and global economy.  

Key Quotes:

“Tariffs enacted so far have been limited in scope, and as a result, global earnings growth should remain solid, providing support for risk assets to continue moving higher.”

“That said, trade-related headlines are unlikely to subside, meaning that this ascent will be bumpy; as a result, investors should remain balanced in their asset allocation, and avoid overreaching for yield or return at the current juncture.”