(1) US economy dwarfs trade flows. (2) Higher tariffs on Chinese goods not likely to boost inflation much. (3) Iran launches a proxy war against the US and its Gulf allies. (4) No recession for earnings during Q1. (5) Expecting double-digit earnings growth in 2020. (6) Remarkably optimistic outlook for S&P 500 revenues. (7) Profit margin getting squeezed, but remains historically high. (8) The Fed is monitoring financial stability. (9) A few signs of stress in credit system, but no cracks.
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