MacDonald: Relative Growth Priced Into Valuations

The video discusses the uncertainty in economic forecasts, highlighting the lack of a clear template for the next 12 months. It examines the earnings momentum and cyclical trends, noting the potential impact of Trump's policies. The discussion shifts to the constraints posed by rising debt levels on growth, emphasizing the need for exposure to structural growth areas like technology. The video concludes by analyzing the US growth and its implications for the global economy, considering the effects of a strong dollar on multinational earnings.

What factors are contributing to the earnings momentum as we approach 2017?

How does the overall debt situation affect economic growth according to the text?

What is the significance of technology in the context of structural growth areas?

In what way does the recovery of the US economy impact the rest of the world?

What challenges do US companies face due to the stronger dollar?