Gristanti: The Bond Market Is Wrong

Christopher discusses the current state of equity markets, highlighting conflicting signals from the bond market and strong GDP growth. He emphasizes the importance of nominal earnings and predicts higher rates as the Fed tapers. Wage inflation is identified as a major threat, with pressures seen across various sectors. Despite rising wages, revenue growth is expected to remain strong, driven by inflation and economic recovery. Christopher sees investment opportunities in internet advertising, particularly in companies like Google and Facebook, which continue to grow significantly.

What does Christopher believe about the bond market's current signals?

• The bond market is always right.

• The bond market is wrong this time.

• The bond market is irrelevant.

• The bond market is too complex to understand.

What is Christopher's main concern for the equity market next year?

• Commodity prices

• Wage inflation

• Technology advancements

• Interest rates

Which sectors does Christopher mention as facing wage pressures?

• Healthcare and education

• Industrial and service sectors

• Retail and agriculture

• Technology and finance

What is Christopher's outlook on revenue growth despite rising wages?

• Revenues will decline.

• Revenues will remain stagnant.

• Revenues will continue to grow.

• Revenues will be unpredictable.

Why does Christopher favor investing in internet advertising companies?

• They are new to the market.

• They have strong growth prospects.

• They are not affected by market corrections.

• They have declining revenues.