Inflation Changes Market Expectations

The video discusses the impact of recent inflation data on equities, highlighting a significant drop in the S&P 500 and NASDAQ. Despite a recent rally, the market faced a setback due to unexpected inflation figures. Analysts from Bernstein suggest that the current bear market is not over, comparing it to historical trends. They predict more challenges for U.S. stocks but remain optimistic about a potential rally in the next 12 months.

What were investors expecting regarding the market pivot?

What impact did the recent inflation data have on the market?

How did the S&P 500 and NASDAQ perform recently?

What does Bernstein's note suggest about the current bear market?

What is the long-term outlook for the US stock market according to the text?