Pessimism Is Pretty High Right Now, RBC's Calvasina Says

The transcript discusses investor concerns about the economy and market, highlighting a general sense of pessimism. It covers adjustments in earnings expectations and the potential influence of the Federal Reserve's policies on market dynamics. The discussion also touches on the Fed's focus on the trade war and its impact on corporate confidence and capital expenditures. The overall sentiment is cautious, with a focus on how these factors might affect future economic conditions.

What is the general sentiment among investors regarding the economy and market?

• Indifferent

• Neutral

• Pessimistic

• Optimistic

How does the Federal Reserve's potential easing affect the market?

• It decreases the price-to-earnings multiple.

• It causes market instability.

• It increases the price-to-earnings multiple.

• It has no effect on the price-to-earnings multiple.

What is the market's perception of the last interest rate hike?

• It had no impact.

• It was a mistake.

• It was beneficial.

• It was necessary.

What impact does the trade war have on corporate confidence?

• It stabilizes corporate confidence.

• It causes corporate confidence to decline.

• It has no effect on corporate confidence.

• It boosts corporate confidence.

What might prompt the Federal Reserve to take action regarding the trade war?

• A significant improvement in corporate confidence.

• A deterioration in economic data.

• A stable economic outlook.

• An increase in hiring rates.