Bruce Richards 'Slightly Bearish' Stocks, Bullish Credit

The video discusses the economic challenges affecting employment, with companies cutting jobs and costs. It analyzes the equity market, predicting a slight decrease in earnings and increased volatility. The speaker is slightly bearish on equities but bullish on credit, highlighting opportunities in credit and duration risk, particularly in floating rate loans and high yield portfolios.

What is the expected earnings per share for S&P 500 companies next year according to the street survey?

• $210

• $232

• $220

• $200

During which recessionary year did equities see a 90% range from high to low?

• 2010

• 2002

• 2008

• 2020

What is the potential range for equity market movement next year?

• 30%

• 20%

• 40%

• 10%

What is the expected yield on floating rate loans by next March?

• 10%

• 12%

• 6%

• 5%

What is the discount at which you can buy bonds in the high yield portfolio?

• 10%

• 15%

• 5%

• 20%