BlackRock's Richard Turnill Seeing Two Positive Surprises

The video discusses the concept of reflation without growth support, highlighting both positive growth and inflation surprises globally, particularly in the US. It examines corporate spending trends, emphasizing the need for increased corporate activity to justify equity movements. The discussion also covers investment strategies, contrasting stock buybacks and dividends with capital expenditures, and the implications for long-term sustainability and market growth.

What is the significance of 'animal spirits' in the context of corporate spending as discussed in the text?

What indicators are mentioned in the text that suggest a potential increase in corporate spending?