Stifel Nicolaus’ Morganlander Sees a Pulse With Earnings

The video discusses the current state of earnings, noting that while they are better than in recent quarters, they are not exceptional. The US economy is growing modestly, and global trade remains sluggish. Sector analysis shows a shift from financials to materials and oil, with financials expected to grow due to deregulation and balance sheet re-leveraging. Mortgage credit growth is improving, indicating potential long-term benefits. The dollar's strength is attributed to Fed policy, with anticipated rate hikes aiming to avoid destabilizing the financial system.

What is the current state of earnings compared to the past six quarters?

• Earnings are worse than before.

• Earnings have not changed.

• Earnings are better but not exceptional.

• Earnings are at an all-time high.

Which sectors did the analysis suggest increasing exposure to?

• Technology and Healthcare

• Materials and Oil

• Consumer Goods and Retail

• Utilities and Real Estate

What is the expected impact of deregulation on the financial sector?

• Increase in top-line growth

• Negative impact on balance sheets

• Decrease in top-line growth

• No impact on growth

What is the primary reason for the recent strength of the US dollar?

• Improved international relations

• Rising oil prices

• Federal Reserve's monetary policy

• Increased global trade

How many times is the Federal Reserve expected to increase rates this year and next?

• Twice each year

• Once each year

• Three times each year

• Not at all