Too Early to Turn Your Back on This Bull Market: Gabelli’s Ward

The video discusses the transition of the economy from recovery to expansion, highlighting the impact of stimulus measures and the reopening of the economy. It forecasts significant growth rates and examines the potential for increased loan demand. The market outlook is analyzed, noting a more muted second year after a major market advance, with expectations of a rocky period due to rising interest rates. Despite potential challenges, the earnings outlook is positive, with consensus earnings expected to be higher than anticipated. The video advises against prematurely exiting the bull market.

What is the outlook for earnings growth this year and next year according to the text?

Discuss the implications of rising interest rates on the market as mentioned in the text.