Bloomberg Intelligence's 'Equity Market Minute' 12/18/2019

The video discusses the US equity market's bull run, noting that it has lasted 10 years and may continue based on historical trends. The average bull market lasts 18 years, suggesting the current run could be only halfway through. The current market is compared to past bull markets, showing no extraordinary characteristics. The main risk to stocks is identified as earnings growth rather than Fed influence or interest rates. The S&P 500's rise is attributed to earnings growth, with a modest valuation expansion. A recovery in earnings is expected, but if it doesn't occur, stocks may weaken.

How long does the average bull market last according to historical data?

• 10 years

• 18 years

• 25 years

• 30 years

Which past bull market is the current bull run compared to?

• 2000s and 2010s

• 1980s and 1990s

• 1950s and 1960s

• 1920s and 1930s

What is considered the primary short-term risk to stocks?

• Interest rate hikes

• Political instability

• Earnings growth

• Inflation

What has been the main driver of the rise in US stocks over the past decade?

• Earnings growth

• Government stimulus

• Interest rate cuts

• Federal Reserve policies

What is the expected outcome if earnings do not recover as anticipated?

• Period of stock weakness

• Increase in stock valuations

• Stock market stability

• Continued stock growth