First quarter earnings results have more than met expectations thus far and certainly justify last year’s multiple expansion, says Patrick Chovanec, Chief Strategist at Silvercrest Asset Management. Chovanec says the best way to play U.S. economic growth is via the energy, agriculture and technology sectors. He is less positive about Chinese growth and expects the Chinese economy to get worse before it gets better. However, he says problems in China will not undercut U.S. growth or market momentum.
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