Epoch manager is unfazed by U.S. market volatility

David Pearl expects earnings growth to drive stocks higher this year.

Sonita Horvitch 18 April, 2018 | 5:00PM

David Pearl, executive vice-president and co-chief investment officer at New York-based Epoch Investment Partners, Inc., says that while the United States' trade confrontation with China is unsettling the U.S. equity market, the fundamentals of the U.S. economy are the best that they have been in many decades.

"The tax cuts are accelerating U.S. economic growth, business confidence is rising, the labour market is strong and corporate profits are expected to rise significantly in 2018," says Pearl.

The government continues to be pro-business, he says. "In addition to its tax package, it is looking to reduce regulation in key areas of the economy such as energy." The tariff spat between the United States and China is a "wild card and has been causing a scare," he says. "So far, the consensus in financial circles is that this confrontation is unlikely to develop into a full-fledged trade war between the two countries."

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc Class C1,901.05 USD0.52
Apple Inc139.07 USD1.61
Bank of America Corp31.55 USD-0.69
Boeing Co205.84 USD-0.76
F5 Networks Inc204.32 USD1.65
Microsoft Corp225.95 USD0.44

About Author

Sonita Horvitch

Sonita Horvitch  

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies