McElligott, Murphy on Possible Drivers for U.S. Equities

The video discusses market trends, focusing on systematic strategies and the impact of Fed policies, particularly Powell's dovish pivot. It highlights potential market catalysts like trade resolutions and investment cycles. The analysis covers buybacks, fiscal policy, and tax implications, emphasizing the shift from growth to value investments. Sector opportunities in health care and financials are explored, along with risk parity and market dynamics, including the influence of quantitative easing and systematic flows.

Discuss the potential impact of trade negotiations between the US and China on the market.

What are the expected trends in operating margins as the market approaches 2020?

How does the current market environment differ from the behavior observed in 2018?