Federated's Auth Sees S&P Hitting 3,500 in 2020

The transcript discusses market projections, focusing on equity and bond markets. It highlights the current status and future expectations, emphasizing the differences between backward-looking bond markets and forward-looking equity markets. The conversation also covers the European credit market, noting unusual spread behaviors, and concludes with investment strategies, favoring equities over high-yield debt due to potential upside.

What was the market index value mentioned for the current year?

• 3200

• 3435

• 3500

• 3100

How do equity markets differ from bond markets according to the discussion?

• Equity markets are backward-looking, while bond markets are forward-looking.

• Both markets are forward-looking.

• Equity markets are forward-looking, while bond markets are backward-looking.

• Both markets are backward-looking.

What economic condition is Germany facing according to the transcript?

• Recession

• Economic boom

• Deflation

• Stable growth

What is the current stance on high yield exposure mentioned in the transcript?

• Overweight

• Underweight

• Neutral

• Avoid

Why might corporate credit be considered pricey according to the discussion?

• Because of wider spreads

• Because of tighter spreads

• Due to low demand

• Due to high interest rates