May 6, 2019
Key Points from the BlackRock Investment Institute:
- U.S. earnings growth has slowed markedly from 2018, but a surprisingly resilient first quarter supports our still-positive view on U.S. equities.
- The Federal Reserve maintained its patient policy stance last week, and U.S. jobs gains and eurozone growth both surprised to the upside.
- U.S.-China trade talks resume in Washington this week. Markets may be too optimistic about prospects for a resolution to trade tensions.