S&P 500 Has Climbed for Six Straight Years in Dec.

The video discusses market trends over the past six years, highlighting December as a strong month historically. It explores expectations for 2015, noting a potential slowdown in growth. The discussion shifts to the impact of PE multiples and interest rates, with differing views from experts on future market outcomes. While some predict a flat year due to rising interest rates, others see potential for modest valuation expansion, driven by low mortgage rates and consumer financial stability.

What differing outlooks do David Kostin and Adam Parker have regarding market valuations?

According to Adam Parker, how do current mortgage rates affect consumer financial obligations?