Wells Fargo AM: Growth-Oriented, U.S.-Centric Stocks to Do Well

The video discusses the current state of the equity market, emphasizing the difficulty in justifying an underweight position in equities due to low interest rates and the Fed's supportive stance. It highlights the importance of low rates for sustainable economic growth and the potential impact of rate changes. The discussion also covers the global pile of negative yielding debt and its implications. Finally, it explores investment strategies, focusing on growth-oriented sectors and expected returns in the context of low inflation and interest rates.

What is the expected return on equities over the next 12 months as mentioned in the text?

In what way does the speaker suggest that raising interest rates could affect the economy?