Asks if anything gives confidence the worst might be behind the market given geopolitical tide.
Romaine Bostick
Jimmy Chang
Too much uncertainty; market appears too sanguine. Investors learned not to bet against the president, could be relief rally, but scale/depth of crisis greater than recent years.
Asks about disconnect in market pricing and whether US is insulated from oil shock.
Romaine Bostick
Jimmy Chang
Somewhat insulated near-term due to tax refunds ($150B more than last year) offsetting rising energy prices.
Asks what would trigger double-digit correction and if would buy weakness.
Romaine Bostick
Jimmy Chang
If double-digit correction, buying opportunity. Expects US wants to wrap up campaign by end April; if limited duration, energy price jump won't last, relief rally.
Asks what needs to happen for market repricing given nuanced situation.
Romaine Bostick
Jimmy Chang
Hard to tell; test of endurance, pain thresholds. Marines from Japan take two weeks to theater, early April. Unless Iran collapses/surrenders, can drag on few weeks.
Asks if Fed could be inclined to raise rates later this year rather than cut.
Romaine Bostick
Jimmy Chang
Highly debatable. Will look past next two FOMC meetings; more attention to Kevin Warsh confirmation and his Fed implementation.