Important U.S. decisions on trade and fiscal policy are expected in July. While these decisions may be volatile, we do not expect to have a lasting impact on strong U.S. growth or markets. The environment of lower interest rates and yields supports equities and high-quality bonds, while the U.S. dollar will continue to show signs of weakness. After the recent strong rally, return expectations for global equities appear limited for the remainder of the year. (Golden Ten)