China is selling off. Commodities are in a bear market. And industrials are hitting new lows. All signs are pointing to a global economic slowdown, but while investors fear that the deceleration could put pressure on U.S. stocks, one top strategists sees it as reason to buy.
"We believe that stocks will perform quite well in this [slowing] environment," Jonathan Golub said Monday on CNBC's "Trading Nation."
As Golub sees it, the continuation of the type of stagnant economic growth of the past six years can only help extend the current bull market.
"If we are in a slower economic environment it extends the market cycle and that is good for stock market multiples," RBC's chief U.S. market strategist said. "You get less inflation and that's also good for multiples."