Goldman's Kostin: Cyclicals Will Lead the Market

The video discusses the recovery of companies post-2020, highlighting the benefits of economic tailwinds and fiscal stimulus. It explores the S&P 500's dynamics, emphasizing a barbell strategy with technology as a core component. The reopening of America is expected to drive market growth, with positive earnings revisions across sectors. The relationship between interest rates and equities is analyzed, noting that current rates still favor equities. The video concludes with insights on share buybacks and the increasing popularity of SPACs.

In what ways are technology stocks viewed in relation to cyclicals?

What are the implications of the cash flow situation for companies in the current economic climate?

What role do share buybacks play in the current market environment?