Merrill's Sieg Says Bull Market Has 'Room to Run'

The video discusses the current economic landscape, highlighting a 40-year bull bond market and optimism in risk assets. It emphasizes the strong growth of the US economy despite supply chain issues and COVID-19. The Federal Reserve is expected to maintain low rates, supporting a bullish outlook. The discussion also covers the economic cycle, suggesting we are mid-cycle with room for growth. The Delta variant's impact is seen as a positive sign, indicating market resilience.

What is the current state of the bond market as discussed in the video?

• A 40-year bull market with associated risks

• A new bull market with high risks

• A declining market with no risks

• A stable market with minimal growth

What is the Federal Reserve's expected action regarding interest rates?

• Fluctuating rates

• No increase for quite some time

• Decrease in rates

• Immediate increase in rates

How is the business investment climate described in the video?

• Stable but unpromising

• Strong and positive

• Declining and risky

• Weak and uncertain

Where does the video suggest we are in the economic cycle?

• Early cycle

• Mid-cycle

• Late cycle

• End of cycle

What is the market's reaction to the Delta variant according to the video?

• Complete market crash

• Bullish sign as markets climb walls of worry

• Panic and sell-off

• Indifference