Purves Had 2014's Most Accurate EPS Forecast

The transcript discusses market forecasts, highlighting a previous conservative earnings growth prediction and a bullish outlook for 2015. It emphasizes the impact of FX and commodity volatility on equity markets and the anticipated rate hikes. The speaker suggests staying with winning stocks in the short term and anticipates sector rotation due to market valuation changes.

What was the speaker's stance on the economy and earnings in their previous forecast?

• Wildly bullish

• Significantly bearish

• Moderately optimistic

• Neither overly optimistic nor pessimistic

What unexpected market behavior did the speaker highlight?

• High GDP growth

• Multiple expansion against low GDP

• Decreasing market returns

• Stable market conditions

What does the speaker predict about market volatility in the upcoming year?

• Volatility will decrease

• Volatility will remain the same

• Volatility will be unpredictable

• Volatility will increase

Which type of volatility does the speaker emphasize as a major driver?

• Equity market volatility

• FX volatility

• Interest rate volatility

• Commodity volatility

What is the speaker's short-term investment advice?

• Invest in new stocks

• Stick with winning stocks

• Focus on losing stocks

• Diversify into bonds