What Does The U.S. Infrastructure Bill Mean for Markets?

The video discusses the global economic outlook for 2019, emphasizing that negative sentiment is not supported by data. It highlights the importance of a US infrastructure bill over a China-US trade deal, as it could provide significant economic stimulus. The discussion covers global GDP and PMI data, suggesting that while growth is slowing, the US economy remains strong. The potential for a recession is considered, with lingering issues from the Global Financial Crisis still present. Key dates to watch include infrastructure developments and potential Fed pivots. The video concludes with an analysis of market stress and interest rate trends.

What is considered more crucial for economic growth than a China-U.S. trade deal?

• Increased consumer spending

• A US infrastructure bill

• A new tax reform

• A reduction in interest rates

How would a US infrastructure bill affect emerging markets?

• It would only benefit developed markets

• It would be detrimental

• It would have no impact

• It would be supportive

What is the current state of global PMI according to the discussion?

• Below 50

• Exactly 50

• Above 54

• At 60

What is a key factor still affecting the global economy post the financial crisis?

• Baggage from the GFC

• Decreasing consumer confidence

• High inflation rates

• Rising unemployment

What is the significance of the 3.26% level mentioned in the discussion?

• It is the expected GDP growth rate

• It is a critical level for the 30-year bond yield

• It is the unemployment rate threshold

• It is a target for inflation