Economist Dixon Says Investors Should 'Certainly' Be Moving Out of U.S.

The transcript discusses the current state of equity markets, highlighting concerns about overvaluation based on historical EPS levels. It suggests a need for market consolidation and potential price declines to realign with fundamentals. The discussion also covers the volatility of U.S. equity markets compared to emerging markets and the implications for investment strategies, noting recent trends in the VIX and improved risk pricing by investors.

What does the speaker suggest is necessary for market realignment?

• Expansion of global trade

• Immediate policy changes by the Fed

• A period of consolidation and price declines

• Increased investment in technology

What historical measure does the speaker use to assess market overvaluation?

• Recent unemployment rates

• Shiller 10-year trailing EPS numbers

• Current GDP growth rates

• Federal Reserve interest rates

How does the speaker view the potential of moving investments to emerging markets?

• As a risky and uncertain decision

• As a highly beneficial move

• As a strategy to avoid at all costs

• As a guaranteed way to increase returns

What does the speaker note about the VIX index earlier in the year?

• It experienced a significant spike

• It remained stable throughout the year

• It decreased steadily

• It was unaffected by market changes

According to the speaker, how are investors currently approaching risk?

• They are overestimating it

• They are pricing it more accurately

• They are ignoring it completely

• They are underestimating it