Key points
- Recent weakness in technology stocks reflects rising risks, but we see strong earning growth driving future returns.
- U.S.-China trade tensions hogged the headlines once again, spurring big swings across global markets.
- An agreement on NAFTA could be unveiled next week, while a speech by Chinese President Xi Jinping could lay out China's trade strategy.
Global tech stocks - stars of the post-crisis bull market - stumbled in recent weeks. Worries that trade tensions and regulatory scrutiny could dent profitability have shaken confidence. We believe recent weakness reflects rising risks but is not a