Trade tensions: too early to change view on US/global economy - J.P. Morgan

Analysts at J.P. Morgan explained that while trade tensions remain as a downside risk to growth and source of volatility for capital markets, we find it too early to change our constructive view of the U.S. and global economy. 

Key Quotes:

"Tariffs enacted so far have been limited in scope, and as a result, global earnings growth should remain solid, providing support for risk assets to continue moving higher."

"That said, trade-related headlines are unlikely to subside, meaning that this ascent will be bumpy; as a result, investors should remain balanced in their asset allocation, and avoid overreaching for yield or return at the current juncture."