Economist Rosenberg Warns of a U.S. Fiscal Cliff

The video discusses the current inflation trends, market reactions, and the surprising market euphoria despite the pandemic. It evaluates earnings estimates and market valuations, highlighting the high multiples and the role of fiscal policy in shaping the economic outlook. The discussion also touches on the potential impact of fiscal withdrawal and the importance of growth and defensive growth in investment strategies.

How does the speaker view the relationship between earnings estimates and market valuations?

What does the speaker mean by 'the market really is valued for perfection'?

What are the expected trends in the equity market as discussed in the text?