Markets' Growth Fears for 2019 Are Overdone, UBS's Kane Says

The transcript discusses market predictions for the next year, highlighting uncertainties due to varying high and low estimates. It emphasizes the potential for S&P 500 profit growth supported by a strong US economy, with positive indicators like bank lending and wage growth. The discussion also considers potential market upsides if certain headwinds, such as oil prices and trade tensions, are mitigated. Overall, the outlook suggests that some growth fears may be overblown, and easing oil prices and trade outcomes could reduce global growth concerns.

What are some of the positive indicators mentioned that suggest a solid economic outlook for next year?

• Decreasing wage growth

• Weak consumer spending

• Strong bank lending surveys

• High oil prices

What is the expected profit growth for the S&P 500 according to the discussion?

• Negative growth

• Double-digit growth

• Mid-single-digit growth

• No growth

Which factor is NOT considered a critical headwind for the market?

• Trade tensions

• Data-dependent Federal Reserve

• Strong consumer confidence

• High oil prices

What is the anticipated effect of recent trade talks on global growth outlook?

• Decreased consumer spending

• Increased skittishness

• Higher inflation

• Stable growth outlook

What is the main reason for the relief in growth fears according to the discussion?

• Hawkish Federal Reserve

• Decreasing business spending

• Positive trade talk outcomes

• Rapid increase in oil prices