Only a Recession Will End Bull Market Run: Golub

The video discusses the outlook for earnings and market trends, highlighting expected EPS growth and revenue ranges. It examines the influence of political changes, particularly midterm elections, on market behavior. The discussion also covers the nature of bull markets, emphasizing that they end with recessions rather than becoming tired or expensive. Investor concerns about global growth, particularly in Europe, and the impact of lower oil prices are addressed. Finally, the video explores the strength of the US market and the implications of a stronger dollar on global capital flows.

What is the expected range for EPS growth in the next 90 days?

• Low single digits

• No growth expected

• High single digits to low double digits

• Mid double digits

According to the transcript, what is a key factor that ends bull markets?

• Political changes

• Investor fatigue

• Recessions

• High valuations

What is the main challenge in reaching a consensus on immigration reform?

• Economic constraints

• Different constituencies pushing for varied reforms

• Lack of political will

• Public opposition

What is a major concern for investors regarding global growth?

• Rising oil prices

• High inflation rates

• Weaker growth in Europe

• Strong US dollar

How does a stronger US dollar historically impact the market?

• Has a questionable impact on earnings

• Decreases earnings

• No impact on earnings

• Increases earnings