Bloomberg Intelligence's 'Equity Market Minute' 09/09/2020

Gina Martin Adams from Bloomberg Intelligence discusses the potential for new cyclical leadership in the S&P 500 as tech sector multiples normalize. The video covers the impact of the Fed's balance sheet on market multiples, sector rankings, and valuation trends. It highlights the transition in market leadership as earnings recover, with sectors like materials and health care rising to prominence.

What is the expected outcome as tech sector multiples start to normalize?

• Tech sector will remain unchanged

• The market will crash

• New cyclical leadership will emerge

• Tech sector will lead the market

What event marked a change in market behavior according to the transcript?

• Fed balance sheet expansion

• Market crash

• Fed balance sheet contraction

• Tech sector decline

What does the sector scorecard indicate about the gap between tech and other sectors?

• The gap will widen

• The gap will close

• The gap will remain the same

• Tech will fall behind

Which sectors are now at the top of the scorecard?

• Tech and finance

• Energy and utilities

• Real estate and telecom

• Materials and industrials

When was the last time tech was displaced from the top third of the scorecard?

• 2018

• 2016

• 2015

• 2017