Tobias Levkovich on His 2020 Market Outlook

The video discusses investor sentiment, market valuation, and expectations for earnings growth. It highlights concerns about trade issues, interest rates, and Fed policy. The discussion also covers the impact of political and economic uncertainty on investment decisions and market outlook.

What is the significance of the relationship between bond yields and equity premiums as mentioned in the text?

What factors contribute to the uncertainty in corporate investments as discussed in the text?

How does the discussion characterize the impact of trade issues on investor sentiment?