Earnings Stay Strong Minus Tech Hype, Says Goldman's Mossavar-Rahmani

The video discusses the influence of technology on the market, highlighting that tech stocks like FANG are not the sole drivers of market strength. It emphasizes the broad-based earnings across sectors, debunking myths about tech dependency. The discussion extends to economic growth, low recession odds, and strong GDP numbers, projecting a positive market outlook. Earnings expectations remain high, with diverse sector contributions, particularly from healthcare and industrials.

What is the common misconception about the role of FANG stocks in market performance?

• They are the only drivers of market returns.

• They are irrelevant to market performance.

• They have no impact on market returns.

• They are the primary contributors to market losses.

What is the current outlook on the possibility of a recession?

• Low odds of a recession in the foreseeable future.

• Moderate odds of a recession in the near future.

• High odds of a recession in the near future.

• Certain recession in the next quarter.

How do most economists view the sustainability of the current growth rate?

• They think it will remain constant.

• They doubt it will continue at the current rate.

• They are certain it will decline sharply.

• They believe it will accelerate.

What is the expected earnings growth for Q3?

• 15-16%

• 20-21%

• 10-11%

• 25-26%

Which sectors showed significant earnings surprises recently?

• Financials and real estate.

• Only technology.

• Consumer goods and utilities.

• Healthcare, materials, and industrials.