U.S. in 'Fifth Inning' of Economic Cycle, Trennert Says

The discussion covers the potential for a recession, with differing views on the economic cycle's duration. The impact of tax cuts on corporate spending and trade uncertainty is examined, with a focus on whether these cuts will lead to increased capital expenditure. The stock market is discussed as a leading economic indicator, and the effects of trade tensions, particularly with China, are considered. The potential for trade reforms to lead to freer trade with countries like Mexico, Canada, and Europe is also explored.

What signs does the speaker mention regarding capital spending and trade?

What is the speaker's perspective on the relationship between the stock market and the economy?