'Reach for Upside' Is Market's Pain Trade: RBC's Wu Silverman

The transcript discusses the uncertainty in the market, focusing on downside risks such as systemic risks in leveraged loans and geopolitical tensions involving Taiwan and Russia-Ukraine. It also highlights the upside potential, noting that despite bearish sentiment, there is a strong reach for upside in the market, particularly in zero-day expiry trading. The discussion emphasizes the importance of monitoring these risks and opportunities in the coming year.

What is a significant downside risk mentioned in the market?

• Leveraged loans

• Decreasing consumer confidence

• High inflation rates

• Rising interest rates

Which geopolitical tensions are highlighted as downside risks?

• India and Pakistan

• North Korea and South Korea

• Taiwan and Russian Ukraine

• Israel and Palestine

What is the general sentiment in the market despite the rally?

• Bearish

• Neutral

• Bullish

• Optimistic

What remains a key focus for market participants in the coming year?

• Monitoring market tails

• Reducing taxes

• Increasing dividends

• Expanding portfolios

What is the range of price targets mentioned for the market?

• 3500 to 3700

• 3900 to 4100

• 4200 to 4400

• 4600 to 4800