JPM’s Normand Sees Fed Taper Talk as Biggest Worry for Markets

The video discusses economic concerns in May 2021, focusing on inflation, Reddit users, and cryptocurrency. It highlights the Fed's potential actions regarding tapering, influenced by unemployment and core inflation rates. The discussion extends to market reactions, particularly in bond markets, and the strong performance of earnings, especially in banks. The video also explores the lack of consistent value outperforming growth, attributing it to fixed income market influences and commodity prices. Overall, it suggests a strong recovery in asset markets with a focus on equity outperformance.

What concerns were raised regarding the unemployment rate in May 2021?

What are the economic indicators that are most important to the Fed?

How do earnings typically behave when the economy is picking up?

What factors are influencing the rotation between value and growth stocks?

What is the expected impact of rising oil prices on the market?