Trade Tensions Won't Impact Economy for Months, BNP's Howard Says

The transcript discusses the impact of trade tensions on the economy, highlighting the potential delay in seeing effects in hard data. It also examines the challenges posed by a strong dollar and rising input costs, such as labor and fuel, on corporate earnings. The housing market's disappointing data and elevated asset prices are analyzed, with concerns about a potential recession in the coming years. Strategies for market positioning amid economic uncertainty are also explored.

What is considered the biggest headwind to earnings according to the discussion?

• Rising labor costs

• A stronger dollar

• Increased fuel prices

• Trade tensions

Which sectors are best able to cope with rising input costs?

• Agriculture and construction

• Retail and hospitality

• Utilities and technology

• Automotive and metals

What is a potential concern in the US housing market?

• High demand for new homes

• Monthly blips due to weather

• Increasing interest rates

• A significant slowdown

What could potentially accelerate a recession according to the discussion?

• A trade war

• Technological advancements

• Rising oil prices

• Increased consumer spending

What is the expected market condition in the next month or two?

• Declining steadily

• Rapidly growing

• Volatile and uncertain

• Stable and predictable