What's the Consensus Conviction Trade?

The video discusses conviction trades in equities, highlighting the contingent nature of bullish market sentiment. It explores international market dynamics, focusing on the Nikkei and yen, and the impact of currency on equities. The discussion shifts to market valuations, earnings growth, and the implications for market multiples. Finally, it examines market volatility, influenced by geopolitical events like Brexit and Trump's policies, and the potential for different types of volatility in the future.

What factors contribute to the bullishness in the conviction trade mentioned in the text?

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How does Michael Purvis describe the current market conditions and their impact on his bullish outlook?

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What is the significance of the Sharpe ratio in the context of the discussion?

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What are the potential implications of rising earnings on stock market valuations as discussed in the text?

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How does geopolitical uncertainty affect market volatility according to the discussion?

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