Optimism Is Rife...

Authored by Simon White and Tatiana Darie via Bloomberg,

US equities are poised to keep in a rising trend as long as near-term recession risk is low and liquidity is abundant. But this will lead to an even more overvalued market with much greater potential to fall when the turn finally materializes.

In a year set to be fraught with domestic and global political risk, it will pay to focus on what we know: