Morgan Stanley's Shalett Still Sees 'Pretty Significant' Earnings Risk

The video discusses the outlook on earnings risk, highlighting the impact of global growth and the S&P 500's reliance on foreign economies. It examines the role of small and mid caps in the slowing US economy, noting the diminishing benefits of tax reform. The discussion shifts to the Federal Reserve's influence on market expectations, with a focus on interest rate hikes and bond market reactions. Finally, the video addresses the need for clarity on the Fed's balance sheet size and its components.

What are the significant earnings risks mentioned for the first three quarters of 2019?

How does the composition of S&P 500 profits differ from that of the US economy?

What factors contributed to the performance of small and mid caps last year?

What is the perspective on the Federal Reserve's future actions regarding interest rates?

What uncertainty exists regarding the Federal Reserve's balance sheet size?