BlackRock’s Koesterich: Market Has ‘Pockets of Excess,’ Not Bubbles

The video discusses the uneven economic recovery post-crisis, highlighting challenges faced by small and midsize businesses and the labor market. It examines market dislocation, dismissing the notion of bubbles in equities and credit, and suggests that low interest rates make stocks appear less expensive. The video also identifies opportunities in credit markets, emphasizing the need for quality selection to meet income demands.

What are the expected growth periods mentioned for the economy?

What are the two parts of the market that are expected to have the longest healing process?

How long is it expected to take for the labor market to recover to pre-crisis levels?

What does the speaker think about the current state of equity valuations?

What is the speaker's view on the credit market and its opportunities?