Strategas' Verrone Sees Start of New Bull Market After 'Difficult' 2018

The video discusses recent market trends, highlighting a 25% rally followed by a slight pause. It emphasizes the normalcy of corrective phases within a bull market. The discussion includes chart analysis and economic insights, particularly focusing on the US being in a late cycle, cost pressures, and trade tensions affecting global growth. The video also touches on the impact of tariffs on margins and the global market outlook, with specific mentions of China, Europe, and Japan.

What is the significance of the corrective phase mentioned by the speaker?

What global economic factors does the speaker highlight as influencing the market?