Market Rally Has Further Room To Run, InTouch Capital Markets' Elmer Says

The transcript discusses the maturity of the market rally, highlighting increased participation post-US election and the potential for further growth due to accommodative monetary policy and vaccine rollouts. It addresses inflation concerns, suggesting that while there are pressures, they are not yet destabilizing. The impact of inflation on markets is considered, with central banks maintaining accommodative policies. Retail enthusiasm in equities is noted, with the market showing resilience despite challenges like the Reddit incident.

What is one of the macroeconomic forces driving the current market rally?

• High interest rates

• Reduced fiscal stimulus

• Accommodative monetary policy

• Decreased vaccine rollouts

What is expected to create upward pressure on prices according to the inflation narrative?

• Decreased consumer confidence

• Economic slowdown

• Positive base effects on inflation

• Reduction in vaccination programs

How has the Fed responded to the potential for higher inflation?

• By increasing interest rates

• By maintaining an accommodative policy

• By reducing fiscal stimulus

• By tightening monetary policy

What is the expected impact of higher growth expectations on risk sentiment?

• Weaker risk sentiment

• Stronger risk sentiment

• No impact on risk sentiment

• Increased volatility in risk sentiment

What was the market's reaction to the Reddit kerfuffle?

• Systemic shocks were widespread

• Equities experienced a prolonged decline

• The market quickly shrugged off the episode

• The dollar strengthened significantly

What has been the trend in global equities according to the discussion?

• Record highs and a long winning streak

• A consistent decline

• Stagnation

• Volatility without clear direction

What is the anticipated trend for the dollar in the context of risky currencies?

• Strengthening of the dollar

• Weakness of the dollar

• Volatility of the dollar

• Stability of the dollar