Strategist Ian Harnett Sees 'Multiphase Downleg' Ahead for Stocks

The video discusses the current state of global equities, highlighting the attractiveness of equities versus bonds despite only a 10% discount relative to the 10-year average. It emphasizes the need for fiscal policy intervention as monetary policy options are exhausted. The discussion also covers the importance of reaching 2016 market levels to stabilize the US market, noting that even major companies like Boeing have not yet reached these lows.

What is the current discount on global equities relative to the 10-year average?

• 20%

• 30%

• 10%

• 55%

What is the main limitation of monetary policy in the current economic situation?

• Exhaustion of central bank tools

• Insufficient fiscal measures

• High inflation rates

• Lack of coordination

What percentage of GDP has been discussed as a potential fiscal response?

• 5 to 6%

• 10 to 12%

• 3 to 4%

• 1 to 1.5%

Which year's economic levels are being used as a benchmark for current market conditions?

• 2016

• 2020

• 2008

• 2012

Which market is highlighted as needing to find a base for stabilization?

• European market

• Asian market

• Global market

• US market