Markets Lack a Cushion of Protection, Charles Schwab's Jones Says

The transcript discusses the market outlook for 2019, highlighting stability in various asset classes and regions. It covers market positioning, investment strategies, and the impact of fiscal policies. The conversation emphasizes the importance of understanding credit spreads, economic cycles, and the effects of fiscal stimulus and tax cuts on market dynamics.

What factors are contributing to the optimism in the market according to the text?

How does the speaker view the relationship between economic growth and credit spreads?

What is the significance of the phrase 'rolling bottom' in the context of the market?

What concerns does the speaker express regarding the current economic cycle?

In what ways does the speaker believe the fiscal stimulus is impacting the economy?