HOUSE_OVERSIGHT_026909.txt

The Sunday Night Insight discusses the recent pullback in US equities, which has led to some clients questioning whether this is the beginning of the end of a nearly 10-year bull market. However, the authors argue that this pullback is actually smaller than previous ones and does not necessarily signal an impending recession. They highlight several steady factors, such as economic growth, benign inflation, robust earnings, and low probability of recession, which remain in place despite the unsteady undertow created by trade tensions with China and other geopolitical concerns. Overall, they conclude that the steady factors will likely continue to outweigh the risks posed by the unsteady undertow.