AllianceBernstein Shuns Developed Market Banks as Long-Term Investment

The video discusses the current market trends, highlighting the shift from December's agony to January's ecstasy, and the recent boredom due to holidays in China and Hong Kong. It emphasizes the importance of fundamentals in business growth amidst political uncertainties like Brexit and potential US shutdowns. The banking sector faces challenges due to volatility in earnings, especially in areas like commodities and trading. Despite a decrease in volatility indices, market volatility remains, affecting stock performance. The video also critiques the reliability of financial models in assessing risk and return.

In what ways does the speaker believe that fundamentals should guide investment decisions?

What does the speaker suggest about the relationship between volatility and market performance?