tax reform agenda will surely have more impact on animal spirits given its economic importance," concluded the strategists on a qualifying note.

While Oppenheimer sees a potential lapse in the performance of U.S. equities ahead, he expects price momentum in other economies to hold up better, especially as political fears begin to recede in Europe.

The equity strategist pointed to both the overall positive trajectory for global growth in addition to the persistence of a significant valuation gap between U.S. equity markets and, generally speaking, those in Asia, emerging markets and Europe.

"We could well see therefore a relatively flat market in the U.S. throughout the remainder of the year and some more positive gains in other markets, Europe in particular," Oppenheimer proposed.

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Why Do Chemical Weapons Evoke Such A Strong Reaction?

It took more than two years and at least 100,000 lives lost for the U.S. government to threaten Syria with military action. The catalyst was the Syrian military's alleged use of chemical weapons. President Obama called the attack on August 21st an assault on human dignity.

JACKIE NORTHAM, BYLINE: There has been no shortage of bloodshed, massacres, and misery coming out of Syria since the uprising against Bashar al-Assad's regime began in 2011. But the chemical weapons attack on August 21st - which the Obama administration says killed nearly 1,500 men, women, and children - crossed a line. Secretary of State John Kerry and President Obama have given impassioned speeches about the horror of chemical weapons and how the U.S. should