Pessimism Is Pretty High Right Now, RBC's Calvasina Says

The transcript discusses investor concerns about the economy and market, highlighting a general sense of pessimism. It covers adjustments in earnings expectations and the potential influence of the Federal Reserve's policies on market dynamics. The discussion also touches on the Fed's focus on the trade war and its impact on corporate confidence and capital expenditures. The overall sentiment is cautious, with a focus on how these factors might affect future economic conditions.

What is the speaker's view on corporate confidence and its impact?

What does the speaker suggest about the Fed's potential actions in the future?