Bernstein's Kirr Says Stock Picking Is Back

The video discusses the current earnings season's volatility, driven by supply and demand dynamics and pricing power. It highlights economic growth projections for 2022, with a focus on GDP growth and the impact of fiscal policies, including potential corporate tax increases. The discussion also covers inflation concerns, emphasizing the likelihood of higher post-pandemic inflation rates compared to pre-pandemic levels.

What is the expected year-over-year earnings growth forecast for 2022?

• 30%

• 15%

• 9%

• 45%

Which factor is highlighted as a key differentiator in the current earnings season?

• Sector performance

• Pricing power

• Interest rates

• Global trade

What is the predicted GDP growth for the US in 2022?

• 2%

• 5%

• 3%

• 4%

What is the anticipated impact of corporate tax rate changes on earnings growth?

• Double digit increase

• No impact

• Mid single digit hit

• Complete stagnation

How is inflation expected to behave compared to pre-pandemic levels?

• Remain the same

• Decrease significantly

• Increase to 2-3%

• Surge to 1970s levels