Should Investors Take a Bearish Stance on U.S. Equities?

The video discusses projections for the S&P 500, highlighting a 4% earnings growth expectation, which is above consensus. It examines market sentiment, risks, and the impact of global economic factors like China's economy and dollar strength on earnings. The discussion also covers the potential for PE ratio expansion and the influence of investor sentiment and positioning.

What is the projected earnings growth for the S&P 500 according to the speaker?

• 2% per year

• 4% per year

• 6% per year

• 8% per year

Which factor is NOT mentioned as a risk to earnings growth?

• Rising oil prices

• Chinese economy slowdown

• US dollar strengthening

• Brexit

What is the sentiment towards industrial stocks as mentioned in the transcript?

• Strong support

• Betting against

• Neutral

• High optimism

Which economy is NOT mentioned as having potential for improvement?

• US

• Europe

• Australia

• Japan

What is considered more important than the base case in market assessments?

• Probability of the bear case

• Investor sentiment

• Historical data

• Current market trends