BlackRock's Koesterich: Corporate Earnings Have Troughed

The video discusses the current market rally, emphasizing the need for growth and higher nominal GDP to sustain it. It highlights the risks of weak or strong economic data affecting earnings expectations and Fed policy. The analysis covers corporate earnings, margin sustainability, and the impact of rising wages on consumer spending and corporate margins. The discussion concludes with the importance of selecting the right consumer stocks as spending patterns change.

What factors contribute to the perception that equities are the least bad bet?

How could a recovery in the economy impact corporate earnings?

Discuss the potential outcomes if nominal GDP does not increase as expected.

What are the implications of rising wages on corporate margins and consumer spending?

In what ways are consumers changing their spending habits, and what does this mean for different sectors?