Too Early to Gauge Market Rally, Voya's Reinhard Says

The video discusses the current rise in global equities, questioning whether it is a broad-based rally or a failed one. It highlights the importance of broad industry participation, drawing parallels with past market events like the 2015-2016 sell-off. The discussion then shifts to correlations between stocks and bonds, emphasizing the need to monitor these during prolonged stress periods. Finally, it addresses the economic cycle's impact on equity returns and volatility, suggesting that while volatility may have peaked, equities can still outperform bonds.

What are the implications of a flattening return cycle for equities?

In what ways can equity returns still outpace bonds despite rising rates?