Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well.
Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence.
Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month.
Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June.
"But oddly enough, the global economy bounced back anyway.
Persons:
David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd
Organizations:
JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson