Hard to Have `High Conviction View' on Equities: BMO's Marks

The video discusses the market sentiment following the 2018 downturn, highlighting how many investors missed the 2019 bull market due to conservative positioning. It covers investment strategies, noting the surprising strength of fixed income markets. The impact of the US-China trade war on global growth and manufacturing is examined, along with the role of monetary policy. The discussion questions whether expectations from monetary policy are too high, given the limited impact seen globally, and suggests a shift towards fiscal policy considerations.

What was a significant reason many investors missed the 2019 bull market?

• They anticipated a strong economic downturn.

• They focused too much on fixed income investments.

• They were conservatively positioned in a risk-off trade.

• They were overly optimistic about the market.

What was the initial investment strategy at the start of 2019?

• Overweight in bonds

• Overweight in equities

• Balanced between equities and bonds

• Focus on cash reserves

Which global event contributed to the uncertainty in market conviction?

• Middle East tensions

• Brexit negotiations

• European Union expansion

• US-China Trade War

What has been a major impact on global manufacturing growth?

• Rising commodity prices

• Increased consumer spending

• Trade conflicts

• Technological advancements

What is a concern regarding the reliance on monetary policy?

• It has led to hyperinflation.

• It has not shown strong growth impact.

• It has caused a housing market crash.

• It has increased unemployment rates.