Suzuki also discusses the return of pricing power with U.S. companies in the wake of the ongoing trade war.

“Pricing power is back… whether you’re talking about machinery… beverages… diapers and toilet paper, prices are going up across the board, and they’re not just in areas where their demand is strong, but they’re actually happening in areas where demand is weak,” says Suzuki.

Richard Bernstein Advisors is a participant in the ETF Strategist Channel.