Overhang of Debt in Market Is Impacting Yields, Says Wells Fargo's Hartman

The video discusses the impact of the federal deficit on the economy, highlighting the projected trillion-dollar annual deficit and its effects on inflation and wages. It examines the stimulative effects of tax cuts, leading to increased market leverage and rising equities. The discussion shifts to the tech sector's challenges, including market rotation from growth to value stocks, influenced by rising interest rates. The video concludes with an analysis of growth versus value stocks, noting a defensive market trend with healthcare and financials performing well.

What are the implications of the projected trillion dollar annual deficit on the US economy?

How does the overhang of debt in the market affect equity performance?

In what ways might fiscal spending and tax cuts influence economic growth?

What factors contribute to the rotation from growth stocks to value stocks?

What are the potential effects of rising interest rates on technology stocks?