Federated's Auth Sees S&P Hitting 3,500 in 2020

The transcript discusses market projections, focusing on equity and bond markets. It highlights the current status and future expectations, emphasizing the differences between backward-looking bond markets and forward-looking equity markets. The conversation also covers the European credit market, noting unusual spread behaviors, and concludes with investment strategies, favoring equities over high-yield debt due to potential upside.

According to the speaker, what is the outlook for the economy over the next 12 months?

What is the significance of the profit warnings from European auto companies mentioned in the text?