Market Euphoria May Be Getting Carried Away: Rockefeller's Chang

The video discusses recent changes in Treasury yields, particularly in light of the election and the nomination of Scott Besson as Treasury Secretary. It explores the correlation between equity valuations and yields, and the potential impact of the Trump administration's policies on the market. The discussion includes expectations for economic growth, inflation, and the implications of deregulation and other policies.

What was the market's reaction to the nomination of Scott Besson as Treasury Secretary?

• The market was indifferent.

• The market reacted negatively.

• The market was confused.

• The market reacted positively.

How might a spike in yields above 4.5% affect equity valuations?

• It would stabilize equity valuations.

• It would pressure equity valuations.

• It would boost equity valuations.

• It would have no effect.

What is the Federal Reserve's influence on long-term rates?

• The Fed can only influence through short-term rates.

• The Fed has complete control.

• The Fed has no control.

• The Fed has limited control.

What is the expected nominal GDP growth rate if the Fed achieves its target?

• 5%

• 3%

• 2%

• 4%

What is the current PE fair value relative to the 10-year yield?

• 20 to 22 times

• 15 to 17 times

• 17 to 19 times

• 10 to 12 times

What is a potential consequence of the Trump administration's tariffs and tighter immigration policies?

• Lower inflation

• Higher inflation

• No change in inflation

• Deflation

Which companies are likely to benefit from the America First agenda?

• Foreign companies

• Large multinational corporations

• Midcap and small cap companies

• Tech startups