U.S. Equities Are in Period of Low Returns, Here's Why

The video explores the potential for a prolonged late cycle rally based on historical trends and current market conditions. It highlights the lack of key ingredients like accelerating dividend growth and the role of buybacks in supporting the market. The discussion includes the impact of high payout ratios on future returns and the influence of buybacks on market corrections. The video concludes with a focus on sector rotation, recommending consumer discretionary as a promising investment due to its strong fundamentals.

What are the consistent trends found during prolonged strong late cycle rallies?

How does the current central bank monetary policy differ from that of the 1980s?

What factors contribute to the current lack of accelerating dividend growth?

What is the significance of the payout ratio in predicting future equity returns?

Why is consumer discretionary considered a favorable sector despite being late cycle?