Markets Remember Mistakes Made on SARS: Tower Hudson’s Laidler

The video discusses the surprising resilience of the market despite high infection rates, attributing it to Fed liquidity and past experiences like SARS. Equities are seen as outliers, with strong bids despite other market reactions. The global market is more interconnected, with significant revenue from China. The speaker expresses doubt about the sustainability of international equities' Q4 performance, emphasizing US exceptionalism and well-supported valuations. The video concludes with a focus on valuation discounts and the challenges of global stabilization.

What is the speaker's view on the market's reaction to current events compared to past events like SARS?

• The market is ignoring past events.

• The market is reacting similarly to past events.

• The market is underreacting.

• The market is overreacting.

According to the speaker, what role does China play in global corporate revenues?

• China has a minimal impact.

• China's role is overstated.

• China anchors a third of global corporate revenues.

• China's role is declining.

How does the speaker feel about the current performance of equities?

• They are surprised by the strong performance.

• They think equities are performing as expected.

• They expected the strong performance.

• They believe equities are underperforming.

What is the speaker's stance on the sustainability of international market gains?

• They believe gains will increase.

• They are doubtful about sustainability.

• They think gains are already sustainable.

• They are optimistic about sustainability.

What does the speaker believe about US exceptionalism in the current market?

• US exceptionalism is still valid.

• US exceptionalism is irrelevant.

• US exceptionalism is declining.

• US exceptionalism is over.