US Is in a Bear Market Rally, Wells Fargo's Cronk Says

The video discusses the current state of the financial markets, highlighting the volatility and key indicators such as the VIX, S&P 500, and the dollar. It explores the concept of risk appetite in the context of market pullbacks and buying opportunities. The discussion delves into the characteristics of bear market rallies, noting their increasing size as the market ages. Key indicators for the end of a bear market are identified, including housing market trends, earnings estimates, and the Federal Reserve's interest rate policies.

How have earnings estimates changed since the beginning of the year according to the speaker?

What is the speaker's outlook on the Federal Reserve's interest rate hikes?