KKR's McVey Says Equities Are Probably at Fair Value Right Now

The video discusses the potential for a strong economic recovery following a significant collapse, driven by substantial fiscal and monetary stimulus. It highlights the transition from focusing on stimulus to economic indicators and asset allocation, noting the fair value in equities and value in credit. The discussion also covers behavioral changes, such as increased remote work, and the ongoing market uncertainty indicated by the VIX. The impact of high unemployment in the US and the varied recovery prospects across regions, with China showing promising signs, are also explored.

What is the estimated percentage of GDP represented by the combined monetary and fiscal stimulus?

• 50%

• 42%

• 25%

• 37%

Which sector is identified as having significant value in the current market?

• Healthcare

• Technology

• Credit

• Real Estate

What is a major theme expected to emerge in consumer behavior?

• Luxury spending

• Increased travel

• Nesting and working from home

• Dining out more frequently

What is the VIX level mentioned, indicating market uncertainty?

• 20

• 30

• 40

• 50

Which country is noted for showing promising signs of economic recovery?

• India

• Brazil

• China

• Germany