"I think we can expect more of the same. I believe we’re late cycle now, which means we’ve got to be careful. Generally, supermarkets do well late-cycle, and we think the bigger chains can handle this environment. Unemployment is down, which is good, but there’s a lot of regulation in healthcare, for example, and wages are rising, so we like big. We also like companies focused on middle-income consumers, given the demographics as the Millennials come of age."