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GDP growth for the past two quarters has been positive -- but gross domestic income has been negative over the same period.

The multitude of macro data is screaming recession, yet earnings estimates are on the rise, unemployment remains low and the stock market is booming.

What can we expect from the second half of the year?

For perspective, we turn to David Hay, co-founder & co-Chief Investment Officer of Evergreen Gavekal, a financial advisory firm managing $3.5 billion of investor capital.

I love talking with experts like David because as a steward of so much in AUMl, he can't simply rely on an "opinion"; has to steer this capital safely through what's coming next. So his conviction needs to be as high as possible.

Video Length: 01:08:09

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