RBC's Schaffrik Sees More Downside for Yuan Over Medium Term

The video discusses the potential continuation of the UN rally, highlighting economic performance and internal and international problems that suggest more downside risks. It examines the impact on currencies, particularly against the dollar and a broad basket. The discussion shifts to equity and fixed income markets, with insights from Jeff Gundlach on bond market risks and Fed policy expectations. The speaker suggests caution with bond market positions, noting the possibility of further rate hikes in 2019.

What is the primary concern regarding the continuation of the UN rally?

• Lack of investor interest

• Internal and international economic problems

• High inflation rates

• Strong global economic growth

Against which currency is the downside risk primarily discussed?

• Euro

• Dollar

• Yen

• Pound

What is the general outlook for the US economy according to the speaker?

• It will face a recession.

• It will remain stagnant.

• It is likely to perform well compared to other regions.

• It is expected to slow down significantly.

What does Jeff Gundlach suggest about bond market yields?

• They should be lower than current levels.

• They should remain unchanged.

• They should be volatile.

• They should be higher than current levels.

What is the speaker's stance on the bond market given the Fed's potential actions?

• Optimistic about bond market growth

• Encouraging long-term investments

• Cautious due to potential rate hikes

• Indifferent to market changes