Markets Have Wrung Out Complacency: Schwab's Sonders

The video discusses the resilience of the market despite known risks, highlighting limited index declines and significant drawdowns in the S&P and NASDAQ. It explores the concept of market complacency and the impact of sentiment shifts, particularly following the Omicron news. The discussion includes behavioral measures of sentiment and how these influence market dynamics, with a focus on the role of speculative froth and trader positioning.

What does the speaker suggest about the market's resilience in the face of known risks?

How does the speaker describe the average maximum drawdown across all stocks in the S&P?

What does the speaker imply about the current market sentiment and complacency?

What factors does the speaker mention that contributed to a shift in behavioral measures of sentiment?

In what way does the speaker believe the market is finding a lift?