Markets Are Focusing on Strong U.S. Economy, Says Abbot Downing's Schleif

The video discusses the current state of the markets amidst trade tensions, highlighting the S&P's performance and the potential impact of a trade war on the US economy and technology sector. It emphasizes the strong position of the US markets and the challenges faced by tech companies due to their overseas revenue dependency. The discussion also covers the S&P's recent trends and the overall economic outlook, suggesting a positive trajectory despite ongoing trade issues.

What is the current status of the S&P according to the text?

What factors contribute to the strength of the underlying economic environment mentioned in the text?