Only Earnings Will Take U.S. to New Levels, Says UBS' Wraith

The video discusses recent market corrections and the interplay between equity and bond markets. It highlights the potential for reaching new highs in the S&P 500 by year-end, driven by earnings rather than economic fundamentals. The discussion also covers the expected decline in 10-year Treasury yields, considering the current economic context and potential softening of economic data.

What was the main factor discussed that could drive the S&P 500 to new highs?

• Government policies

• Earnings

• Interest rates

• Economic fundamentals

How does the speaker describe the recent correction in the S&P 500?

• A significant correction

• An expected trend

• A positive development

• A minor fluctuation

What is the expected trend for 10-year yields according to the discussion?

• They will drift lower

• They will rise significantly

• They will fluctuate unpredictably

• They will remain stable

What does the speaker suggest about the recent rise in treasury yields?

• It was an expected increase

• It was a necessary adjustment

• It was an overshoot

• It was a minor change

What condition might lead to lower yields by the end of the year?

• Unpredictable economic data

• Strengthening economic data

• Stable economic data

• Softening economic data