Trade tension turns to tentative hope
The new trading month got off to a cautious start on Monday, with risk appetite sapped by the U.S.-China trade standoff and bubbling military tensions around the world, although a closely-watched tracking estimate of U.S. growth helped drive a late rally on Wall Street. In my column today I look at how, despite the drop in profits in the first quarter, corporate America is well-prepared to face the economic storm that may be coming its way. Indeed, corporate America has rarely been in better shape.