Bloomberg Intelligence's 'Equity Market Minute' 2/3/2023

Gina Martin Adams discusses the significant role tech stocks have played in market gains this year, while also highlighting potential risks for 2023. She examines the valuations in the TMT sector, noting a post-pandemic adjustment but a continued premium over the S&P 500. The video also covers the negative earnings growth in tech and communications, with analysts predicting a recovery. The session concludes with a call for companies to meet these forecasts.

What role have tech stocks played in the equity market gains of 2023?

• They have been a minor contributor.

• They have had no impact.

• They have significantly contributed to the gains.

• They have caused the market to decline.

What is the current valuation of the TMT sector compared to 2019 levels?

• It is the same as the S&P 500.

• It is higher than 2019 levels.

• It is equivalent to 2019 levels.

• It is lower than 2019 levels.

How does the TMT sector's valuation compare to the equal-weighted S&P 500?

• It is 4 handles above.

• It is 4 handles below.

• It is equal.

• It is 10 handles above.

What is the current earnings trend for communications and tech stocks?

• They are showing positive growth.

• They are outperforming the S&P 500.

• They are showing negative growth.

• They are stable.

What do analysts expect for the earnings of communications and tech sectors later in 2023?

• No change.

• A continued decline.

• A recovery.

• A significant drop.