Trump Shifts Focus to China After Settling Nafta

The transcript discusses the mixed progress in trade, particularly with China, and its impact on the S&P 500. It highlights the market's reaction to trade news, concerns about margin impacts, and the influence of dollar strength on international trade. The discussion also covers capital allocation decisions in light of inflation and Treasury yields, and the effect of wage increases on revenue growth.

How does the speaker view the impact of cost inflation and dollar strength on international players?

What is the significance of the 10% earnings growth mentioned in the context of stock market returns?