reversal has been followed by an unusual long and labored recovery process which is lasted nearly fr monthsnd is so far recouped half of the winter timemble. with all that drama, the s&p is sitting on a slight gain for the year and it's set to give an annual return of 6%. that's after a gain of 20% in 2017. perhaps the market's modest eogress has seemed l more of a struggle because of the economic and corporate news has be s good and hasn't been fully embraced by investors. corporate earnings are on pace to grow 20% and gdp has a good chance to expand at quarter. restraining stocks, rising interest rates, threats of an all-out trade war, sharp slowdown in overseas economies and fears that this year's growth could represe a tax cut sugarighollowed by rude payback in 2019. mds also some unease about how uneven theket action has been. only two major industry sectors have a outperformedad the b market and stock markets in the rest of the world have lagged badly. re's good news in the u.s. markets in the first half of this year, it's the way stock valuation haves come down lofty january extremes.