BlackRock’s Moore Sees FOMO Behind Constructive Tone on Equities

The transcript discusses the resilience of the economy and how corporations are adapting to maintain attractive valuations. It highlights a shift in market sentiment towards a more constructive view on equities, driven by fear of missing out (FOMO). The conversation also covers corporate earnings resilience, the impact of technology investments, and the lack of inflationary pressure. The discussion extends to cross-asset valuations and the potential effects of central bank policy normalization, with an expectation of modest growth and low inflation in 2020.

What is driving the current participation in the equity market according to the first section?

• High inflation rates

• Fear of missing out (FOMO)

• Decreasing corporate earnings

• Rising interest rates

How have companies managed to maintain their margins despite tough conditions?

• By increasing wages

• Through smart technology investments

• By reducing their workforce

• By raising product prices

What is the expected economic growth rate for 2020 mentioned in the third section?

• 0.5% to 1%

• 3.5% to 4%

• 1.75% to 2%

• 2.5% to 3%

What is the anticipated impact of central bank policy normalization on market valuations?

• Multiples would contract slightly

• Valuations will increase significantly

• Valuations will double

• No impact on valuations

Which geopolitical event is mentioned as influencing central bank decisions?

• US election

• Asian trade agreements

• Brexit

• Middle East conflict