Market Levels Very Hard to Justify on Fundamentals: Credit Suisse’s Golub

The video discusses the market outlook over the next 12 months, highlighting the difficulty in justifying current market levels based on fundamentals. It analyzes sector-specific performance, noting that tech and non-cyclical sectors are performing well, while financials and cyclical sectors are struggling. The video emphasizes the economic sensitivity of certain sectors and their impact on overall market performance.

What is the distinction made between the two markets discussed?

What is the performance expectation for economically sensitive companies in the second quarter?