Harrison: Markets Are More Fairly Priced on the Fed

The video discusses recent market repricing, focusing on whether current prices are fair and the implications for asset allocation and emerging markets. It examines the Federal Reserve's gradual normalization strategy post-Trump election, highlighting the risks and feedback loops involving the dollar and global markets. The Fed's cautious approach is due to asymmetric risks and limited tools, with potential impacts on China and emerging markets.

What is the main focus of the first section regarding market changes?

• The impact of new technology on markets

• The repricing of core rates and Fed expectations

• The role of international trade agreements

• The influence of social media on stock prices

What is a key theme for 2017 mentioned in the second section?

• The focus on upcoming Fed meetings

• The rise of cryptocurrency

• The decline of traditional banking

• The increase in global oil prices

How does the Trump election influence US economic themes according to the second section?

• It results in a trade war with Europe

• It causes a surge in unemployment

• It draws attention to gradual reflation

• It leads to a decrease in interest rates

What risk does the Fed face according to the third section?

• A balanced risk profile

• A negligible risk profile

• An asymmetric risk profile

• A symmetric risk profile

What could be a consequence of the dollar's movement as discussed in the third section?

• A decrease in global tourism

• A feedback loop affecting China and emerging markets

• An increase in domestic manufacturing

• A rise in agricultural exports