US companies are beating sales expectations for the 4th quarter of 2017 at a rate we haven't seen since the recovery from the recession in the early 2000's.
We've witnessed a globally synchronized recovery since mid-2016. Strength in the US has been complemented by strength in international markets.
This suggests we are more early/mid-cycle than late-cycle. The last time we saw revenue strength like this, the US economy had several more years to run. We expect a similar results this time.
S&P 500 Index is a widely recognized index of market activity based on the aggregate performance of a selected portfolio of publicly traded common stocks.
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