Bloomberg Intelligence's 'Equity Market Minute' 5/1/2019

Gina Martin Adams from Bloomberg Intelligence discusses the current state of the equity market, focusing on tech stocks and IPOs. She compares today's market with the late 1990s, highlighting differences in IPO responses and valuation trends. While tech stocks lead the market, current valuations are lower than during the 1990s bubble. The analysis shows that investor sentiment and earnings yields differ significantly from the past, suggesting a unique market environment today.

What is the main question raised about the current tech stock market?

• Are tech stocks undervalued?

• Is the market experiencing a bubble similar to the late 1990s?

• Are tech stocks outperforming the S&P 500?

• Is investor sentiment at an all-time high?

How do recent IPO returns compare to those in the late 1990s?

• They are significantly higher.

• They are about the same.

• They are significantly lower.

• They are slightly higher.

What does the response to recent IPOs indicate about investor sentiment?

• Investors are very enthusiastic.

• Investors are cautious.

• Investors are indifferent.

• Investors are pessimistic.

How do current tech stock valuations compare to the late 1990s?

• They are about the same as the 1990s peak.

• They are less than half of the 1990s peak.

• They are slightly higher than the 1990s peak.

• They are higher than the 1990s peak.

What is the trend in earnings yields for Fang stocks relative to the S&P 500?

• They are rising.

• They are falling.

• They are stable.

• They are fluctuating.