Why Market Fundamentals Are Better Than You Think

The transcript discusses the market's positive reaction to Chair Yellen's news, highlighting a 10% rally in equity markets. Goldman Sachs believes fundamentals are stronger than market suggestions, with constrained but positive returns expected. The US consumer is seen as strong, influencing the Fed's actions. The firm is underweight on commodities, focusing on secular growth opportunities like consumer and banks.

What observations are made about CEOs' behavior in relation to cash deployment and cost-cutting?

What stance does the speaker take regarding commodities in their investment strategy?