Can U.S. Equities Repeat 2019's Gains?

The video discusses the US economic outlook for 2020, highlighting a slowdown in consumer spending and modest growth expectations. It examines the impact of the US-China trade deal on exports and business investment, predicting stable but not significant changes. The credit market is analyzed, noting tight spreads and the attractiveness of high yield bonds. The video also explores stock market trends, emphasizing the challenges of replicating 2019's gains due to rich price earnings multiples and a less dramatic fall in bond yields.

What is the expected trend for investment grade spreads in the current economic climate?

What concerns are raised about the US equity market rally in relation to potential recessions?