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 is the projected year-end target range for the S&P 500 according to the transcript?

• 3000 to 3100

• 2700 to 2800

• 2800 to 2900

• 2900 to 3000

What is considered the biggest risk to the stock market as per the discussion?

• Trade tensions

• Fed hiking rates too much

• Global growth slowdown

• Strength of the dollar

How does the transcript describe Jay Powell's approach compared to his predecessors?

• Similar to Janet Yellen

• Similar to Ben Bernanke

• Easier to understand and more straightforward

• More complex and less transparent

According to the transcript, what ranks higher than tariffs in terms of market concerns?

• Global growth

• Strength of the dollar

• Inflation

• Interest rates

What is the expected trend for the dollar by the end of the year?

• Significantly weaker

• Slightly weaker

• Unchanged

• Significantly stronger

What is the expected growth rate for S&P 500 earnings in 2018?

• 18-20%

• 11-12%

• 7-8%

• 25-30%

Which sectors are recommended for clients to focus on according to the transcript?

• Technology and real estate

• Industrials and consumer discretionary

• Energy and materials

• Utilities and staples