All the major economies of the globe and the companies that make them up are picking up steam at the same time right now, the first such simultaneous recovery in years.
This is making the phrase “global synchronous recovery” among the favorites of bulls on Wall Street.
“We expect all the major markets to report healthy EPS growth in 2017. That’s the first synchronized upturn since 2010,” wrote Robert Buckland, chief global equity strategist at Citi Research, in a note Tuesday.
