Krosby: Active Management May Actually Work in 2017

The video discusses the impact of Trump's election on the stock market, focusing on expectations for tax cuts and regulatory changes. It analyzes the financial sector's response, the role of the 10-year yield, and strategists' market projections. The discussion includes economic improvement, corporate earnings, and the influence of 'animal spirits.' It concludes with investment strategies, comparing active and passive management, and market sentiment.

How does the text describe the sentiment of investors and strategists going into 2017?

What does the term 'animal spirits' refer to in the context of the market?

What are the implications of the skepticism among retail investors as mentioned in the text?