Market Realization Comes in First Quarter: Hogan

The transcript discusses the current state of the market, highlighting its resilience despite challenges like Fed rate hikes and company-specific issues. It anticipates a positive pro-growth environment but warns of potential pullbacks in January. The financial sector is analyzed, noting its lag behind other sectors and potential for growth due to better interest margins and repatriation. The industrial sector's global exposure is considered, favoring domestic focus. Bond surrogates are expected to stabilize, with REITs appearing attractively valued.

What factors have contributed to the market's resilience despite challenges?

• Fed rate hikes and strong dollar

• Warm weather and poor company results

• Anticipation of a pro-growth environment

• All of the above

When is the market pullback expected to occur, according to the transcript?

• March

• December

• January

• February

What is a significant factor influencing the financial sector's future prospects?

• Increased regulation

• Decreased overseas capital

• Lower domestic demand

• Higher net interest margins

Which sector is expected to have a longer runway for growth?

• Utilities

• Financials

• Telecoms

• Industrials

What is the expected trend for bond surrogates in the first half of next year?

• Rapid growth

• Sharp decline

• Continued sell-off

• Stabilization