Bernstein's Kirr Says Stock Picking Is Back

The video discusses the current earnings season's volatility, driven by supply and demand dynamics and pricing power. It highlights economic growth projections for 2022, with a focus on GDP growth and the impact of fiscal policies, including potential corporate tax increases. The discussion also covers inflation concerns, emphasizing the likelihood of higher post-pandemic inflation rates compared to pre-pandemic levels.

What are the key factors driving the equity market forward according to the text?

How does the text describe the current state of consumer staples and their pricing power?

What is the projected GDP growth for the US and globally in 2022 as mentioned in the text?

What is the significance of corporate tax rates in the context of earnings growth according to the text?

What concerns do clients have regarding inflation, as discussed in the text?