'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 indicated by the price targets mentioned in the text?

What does the speaker suggest we need to watch for in the upcoming year?