Known Knowns & Unknowns

(1) Tight labor market in US. (2) Global Growth Barometer trending higher. (3) Exports are booming and so are imports, resulting in wider trade deficit. (4) Global export indicators are booming. (5) Revenues per share of All Country World MSCI is at a record high. (6) Analysts now expect TCJA to add almost $12 per share to S&P 500 earnings this year. (7) Protectionism may or may not be a problem. (8) Inflation may or may not remain subdued. (9) The Bond Vigilantes may or may not saddle up.