Axiom Capital Says Volatility Will Be a Difficult Element

The video discusses the challenges of pricing market risk amid election uncertainty, highlighting that dominant market drivers are not short-term events but rather the massive liquidity injection since March. The market has shown predictive behavior, with a significant growth rally in large-cap stocks. However, peak valuations and momentum suggest a more subdued environment ahead. Axiom Capital's strategy involves reducing risk and focusing on technology growth, anticipating choppy market conditions and increased volatility.

What is considered the dominant driver of price activity in the market according to Liam Dalton?

• Stimulus packages

• Short-term fiscal policies

• Election headlines

• Massive liquidity injection

How did the stock market react to the March drop?

• It anticipated a gradual economic reopening

• It reacted negatively to stimulus money

• It predicted a prolonged recession

• It remained stagnant

What was the market condition in early September according to the transcript?

• Low valuations

• Declining momentum

• Stable growth

• Peak valuations

Which digital platform companies were mentioned as part of Axiom Capital's holdings?

• Apple and Google

• Zoom and DocuSign

• Amazon and Facebook

• Netflix and Twitter

What market condition does Axiom Capital anticipate for the next quarter?

• Stable growth

• High volatility

• Choppy conditions

• Rapid expansion