We Remain Constructive on U.S. Equities, Says Al Mal Capital’s Monchau

The video discusses the current state of equity and bond markets, highlighting the fear of missing out in equities and the neutral positioning of CFTC. It covers the strong performance of US equities despite negative ETF inflows and the potential for earnings growth. The discussion also touches on market expectations of Federal Reserve actions, with a focus on interest rates and the bond market's rapid changes. The US economy's performance, including wage growth and rent increases, is also analyzed, suggesting a possible shift in the Federal Reserve's stance if economic conditions improve.

What is the sentiment towards US equities at the start of the year?

• Negative due to low ETF inflows

• Neutral with no clear direction

• Positive despite a narrow path

• Negative due to high volatility

What is the expected earnings growth for S&P 500 by the end of Q1?

• 10%

• 13%

• 8%

• 5%

What might the market be expecting too much from the US Federal Reserve?

• Increased quantitative easing

• Stable interest rates

• Dovishness and rate cuts

• Aggressive rate hikes

What is the trend observed in the bond markets of Australia and New Zealand?

• Record highs

• Moderate increases

• Stable rates

• Record lows

What economic indicator shows a 3% growth in the US?

• Exports

• Wages

• Unemployment

• GDP