00:00Matt Miskin of Manulife, John Hancock, writing, equity markets are still signaling risk on the
00:05price. The markets have yet to price in any meaningful economic slowdown from a potential
00:10energy supply disruption. Matt joins us now. Matt, wonderful to see you. Thank you so much
00:15for being with us. So this has sort of been the push pull. At what point do expectations for some
00:21sort of growth hit start to triumph over robust capital markets activity and pretty good economic
00:27data heading into this? Yeah, I think, Lisa, the markets are waiting for the whites of the eyes of any
00:34economic slowdown and really wants to see the data before getting whipsawed. And really, these markets
00:41have been trained to be dip buyers, to really risk on. What we're hearing more so is panic buying more
00:49than panic selling. So that's still the kind of sentiment that's out there. And if you think about
00:53it, traders have been taught this. Well, this time last year, we had a 20% drawdown on a geopolitical
01:00event. And it was a great buying opportunity. Investors got rewarded for that. And I think
01:05investors are looking for these dips to really look to add to equities here.
01:09That's a great juices here.
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