Overall, it’s a simple observation: political instability all over the world is not pro-growth. And for 2019, markets will face tough “compares,” reflecting the optics of high growth in 2018 from tax cuts. On top of optics, real growth itself seems fundamentally slower. Interest rates have been rising on the one hand and tariff wars have been depressing investors’ psyche on the other. In a world of “all’s well that ends well,” we may get to better growth and contained infl