Cohen: Bull Market Entering Forgotten Economic Phase

The video discusses the current economic phase, highlighting improved traction and growth. It examines the Federal Reserve's role in the context of falling oil prices driven by supply changes. The discussion shifts to market valuation, earnings, and the potential for future growth, emphasizing the importance of PE ratios and market outlook. The speaker clarifies their stance on being bullish, not overly optimistic, and reflects on past undervaluation in the market.

What is the current economic phase mentioned in the video?

• Recession

• Bull market with better traction

• Stagnation

• Deflation

How does the Federal Reserve's control over commodity prices relate to the current oil price movement?

• The Fed has significant control over oil prices

• The Fed has little control as the movement is supply-driven

• Oil prices are driven by demand changes

• The Fed can directly influence oil supply

What was the revenue growth in the third quarter as mentioned in the video?

• 3%

• 9.4%

• 4%

• 7%

Which financial models are used to assess future market conditions?

• Interest rate models

• Supply and demand models

• Inflation models

• Dividend discount models and discounted cash flow models

What was the PE ratio during the period of market undervaluation?

• Ten times earnings

• Eight times earnings

• Twelve times earnings

• Six times earnings