JH Investment Management's Roland on U.S. Markets

The video discusses the current 2% drawdown in the equity market, highlighting the lack of typical 5% drawdowns since the pandemic. It explores potential catalysts for a market correction, such as tax reform and Fed policy mistakes. The energy sector's ability to handle margin squeezes is analyzed, with a focus on supply-side issues. The discussion also covers the Fed's challenging position in managing interest rates and liquidity, emphasizing the importance of quality sectors like technology and healthcare as the economic cycle progresses.

What factors are contributing to the current choppy environment for stocks?

How might a potential tax reform impact earnings growth expectations for the S&P 500?

What are the implications of a mistake by the Fed on the market?

Discuss the relationship between oil prices and the energy sector's performance.

What are the key considerations for maintaining margins as the economic cycle progresses?

How does the current credit cycle affect investment strategies in the corporate bond market?

What indicators suggest that the best times for the market may be behind us?