U.S. Industrials, Consumer Discretionary, Financials Favored, Wren Says

The transcript discusses the market's sensitivity to trade tensions and the S&P 500's performance. It highlights the risks of Fed rate hikes and global growth slowdown, with a focus on Jay Powell's approach. The impact of dollar strength on the market is analyzed, along with earnings growth and future outlook. Investment strategies and sector preferences are also discussed, emphasizing assertive plays in industrials and financials.

What does the speaker believe about the probability of an all-out trade war?

What is the year-end target for the S&P 500 mentioned in the text?

According to the speaker, what are the biggest risks for the stock market?

How does the speaker view the impact of tariffs on earnings concerns?

What is the speaker's outlook on the dollar's strength by year-end?

What does the speaker predict about earnings growth in 2019 compared to 2018?

What sectors does the speaker recommend for clients to focus on?