Allspring Global Investments' Brian Jacobsen on Fed Policy, Market Strategy

The video discusses the impact of FOMC's tapering plans on market views, highlighting the potential for an earlier rate hike. It examines the economic and inflationary surprises, noting the negative growth surprises and positive inflationary surprises. The Fed's desire for flexibility in monetary policy is explored, emphasizing the shift from mechanical rate hikes to a more adaptable approach. The video also analyzes the role of earnings growth in the market cycle, particularly during the COVID crisis, and considers the implications of consumer confidence on retail sales.

What are the expectations for earnings growth in 2022 according to the speaker?

What challenges does the speaker foresee for the retail sector based on current economic conditions?

How does the speaker interpret the relationship between consumer confidence and retail sales?