State Street's Arone: Stocks Trading Like a Greek Tragedy

The video discusses the current state of the stock market, likening it to a Greek tragedy where markets struggle to reach new highs due to hubris among central bankers. It highlights upcoming economic events like the Bank of Japan meeting, the Federal Reserve's actions, and the Brexit vote as key risks. The lack of economic growth and market volatility are analyzed, with a focus on how quantitative easing and low interest rates have failed to spur growth. The video concludes with investment strategies, emphasizing defensive positioning and income-focused returns in a low-growth environment.

What is the significance of the reference to Sisyphus in the context of market trading?

What investment strategy does the speaker suggest in the current environment?