Plurimi Wealth's Armstrong Still Sees a 'Hawkish Fed'

The video discusses market volatility, focusing on equities' response to a hawkish Fed. It analyzes interest rate spreads, highlighting the low implied volatility and potential for steepening. The S&P 500's valuation is examined, noting its high price-to-book ratio and potential headwinds from wage growth and interest rates. The video concludes with an economic outlook, suggesting that current market corrections are healthy and questioning the Fed's role in asset inflation.

Discuss the potential impact of wage growth and interest rates on profit margins.

What is the significance of the Fed's quantitative easing program on asset prices?