Opening Statement from the August 2018 Intelligent Investor (Part 1: Securities Analysis) 

Opening Statement from the August 2018 Intelligent Investor (Part 1: Securities Analysis) 

Originally published on August 10, 2018 (pre-market release)

Overview

Despite continued signs of strength in the economy and the trend of strong earnings growth, investors remain primarily focused on the uncertainty surrounding Trump’s approach to global trade. In response emerging markets have been hit hard, with Southeast Asia and Latin America having received a great deal of the adverse impact of trade uncertainty. 

The global economy remains on solid ground despite having been negatively impacted by uncertainty in global trade dynamics. The IMF confirmed this sentiment in its July 2018 World Economic Outlook as it acknowledged less uniform growth due to trade tensions, higher oil pricing and changes in capital flows