The Late Show

Michael Cembalest discusses his latest Eye on the Market, The Late Show. He considers why despite strong US earnings growth and global expansion, equity markets remain flattish in 2018. He tackles the drivers of somewhat muted equity returns by focusing on late-cycle investing, the Fed, and the factors affecting the path of interest rates (labor markets and the expanding budget deficit). Michael also discusses his views on the oil price recovery since 2016.

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