Limited Returns From an Uncertain Market: Bannister

The video discusses the current state of the equity market, highlighting the lack of immediate catalysts for growth and the influence of policy on the bull market. It explores the concept of sector rotation and the impact of the reflation trade, particularly in energy and industrials. The discussion also covers global economic concerns, including China's instability and the nascent recovery in Europe and Japan, and speculates on the Federal Reserve's potential actions in response to these challenges.

What are the expected outcomes for the stock market in the back half of 2016 according to the speaker?

Discuss the implications of a potential devaluation in China as described in the text.