S&P 500 Could Overshoot to 3,950 on Public Interest: BTIG’s Emanuel

The video discusses the potential upside risk in the market, highlighting the surprising new all-time highs despite general pessimism. It suggests that the biggest story for 2020 could be the public returning to the markets after years of low participation, consistent with late-stage bull market behavior. The discussion also covers market trends, noting the convergence of cyclicals and defensive stocks, and the impact of the bond market on investment psychology. The video concludes by stating that stocks are not expensive at current valuations.

How does the speaker describe the performance of equities in the current year?

What does the speaker suggest about the public's attitude towards the markets?

What significant market behavior does the speaker anticipate for 2020?

What areas does the speaker mention as having been ignored in the market?

What does the speaker imply about the relationship between bonds and stocks?