By Cindy L. Sweeting via Iris.xyz

A continuation of the rally in equities globally and growing confidence in the forward-earnings power of more economically sensitive value stocks will likely depend on continued improvement in global economic growth and, consequently, improving prospects for profit margins and earnings.

It will also likely depend on a successful transfer of the policy baton from a world where extraordinary monetary measures have been the primary (if not the sole) policy underpinning attempts to reflate the global economy out of the excess leverage, low-investment, low-growth and low-productivity limbo it has been mired in for some time.

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