Can Trump, China Stimulus Fuel Global Reflation Trade?

The transcript discusses economic expectations related to stimulus from Trump and China, highlighting the potential for growth in 2017. It examines cyclical indicators and global economic trends, noting improvements even before Trump's election. The focus shifts to asset allocation, emphasizing manufacturing data and market trends. Investment strategies are explored, with a preference for value stocks and Japanese equities. The discussion concludes with an analysis of financial conditions and the impact of policies like the border tax, suggesting a neutral effect on the US economy.

What was the general sentiment about global economic activity before Trump's election?

• Optimistic due to improving indicators

• Pessimistic due to global uncertainties

• Neutral with no significant changes

• Concerned about potential downturns

Which type of data is emphasized in the asset allocation model?

• Both soft and hard data

• Only hard data

• Only soft data

• Neither soft nor hard data

Which asset class did the speaker mention as being reduced in exposure?

• Japanese equities

• Emerging market assets

• U.S. dollar

• Government bonds

What is the expected impact of the border tax policy according to the speaker?

• Neutral for the US

• Uncertain impact on the US

• Significantly negative for the US

• Significantly positive for the US

What is the relationship between high bond yields, a higher dollar, and financial conditions?

• They result in tighter financial conditions

• They cause unpredictable financial conditions

• They have no impact on financial conditions

• They lead to looser financial conditions