Painful Repricing Has a Ways to Go, Says RBC's Calvasina

The video discusses the dynamics of the equity market in 2022, highlighting differences between the first and second halves of the year. It covers expectations for a strong value trade, particularly in financials and energy, before the first Fed rate hikes. Despite changes in rate hike expectations, strong economic growth is anticipated. The market is expected to eventually shift back towards growth, but current valuations need correction. The process of repricing is ongoing and may continue for some time.

What is meant by the 'story of two halves' in the equity market?

• A comparison between two different markets

• The expected differences between the first and second halves of the year

• A tale of two investment strategies

• A narrative about two competing companies

Which sectors were expected to experience a 'last hurrah' in the value trade?

• Real estate and telecommunications

• Technology and healthcare

• Financials and energy

• Consumer goods and utilities

What was surprising about the market movements in the energy sector?

• Energy prices fluctuated without a clear trend

• Energy prices rose by 10% in a week

• Energy prices remained stable

• Energy prices fell by 10% in a week

What typically happens before the first Federal Reserve rate hikes?

• Stable market conditions

• Weak value leadership

• Decreased economic activity

• Strong value leadership

What is anticipated as a risk for 2023?

• Rapid economic growth

• A slowdown in growth

• Increased market stability

• A surge in technology stocks