Are U.S. Stocks Still at the Mercy of the Fed?

The transcript discusses the market's response to potential Fed rate hikes, emphasizing the need for preparation to avoid market shocks. It analyzes current market valuations and earnings growth, suggesting that the market is at fair value. The impact of global bond yields on U.S. market prospects is considered, with a focus on potential reassessment of earnings. Despite market volatility, the transcript suggests that sell-offs present buying opportunities, as the cyclical bull market is not over.

What are the expectations for the S&P 500 by the end of the year according to the analysis?

What is the significance of sell-offs in the market as discussed in the text?