Wells Fargo’s Han Sees Market Cycle Shift as Fed Hikes

The transcript discusses the current state of the market, highlighting robust earnings growth despite supply chain issues and labor costs. It explores the impact of tapering and potential rate hikes, noting the shift from mid to late cycle. The role of liquidity and Fed policy is emphasized, with discussions on hedging strategies and market sentiment. The Fed's significant influence on the equity market is acknowledged, with a focus on real yields and the tech sector's challenges.

How does the current demand in the market affect pricing and margins?

What role does liquidity play in the current market dynamics?

What are the concerns regarding real yields and their effect on the market?