Simon offers some historical backdrop and economic context for the first salvo in a potential trade war. He suggests the ultimate impact of tariffs depends upon their scope and duration. Companies have the ability to adapt and the potential for several offsets suggests strong corporate earnings growth could continue next year. Simon highlights Constellation Brands – now embroiled in trade war concerns – and Google – facing anti-trust litigation and competitive pressures – as potential values in an otherwise pricey market.
WIG Stocks: STZ, GOOGL
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