JPMorgan's Wolf on Global Markets

The video discusses the performance of global and US equities, highlighting the valuation gaps and potential for global equities to catch up. It emphasizes the high yields in fixed income, particularly in investment-grade credit, as a top recommendation. The discussion also covers China's recovery, focusing on household consumption and tourism, and its impact on global markets. The video concludes with an outlook on trade and manufacturing, noting potential headwinds due to weaker global growth.

What is the current valuation status of US equities compared to their 25-year average?

• Below their 25-year average

• At their 25-year average

• Above their 25-year average

• Equal to global equities

What is the highest conviction call mentioned in the context of fixed income?

• Investing in global equities

• Investing in US equities

• Investing in commodities

• Investing in fixed income due to high yields

What is expected to lead China's economic recovery this time?

• Export-led growth

• Housing market boom

• Industrial production

• Domestic consumption and services

Which sector is likely to benefit from increased outbound tourism from China?

• Technology

• Agriculture

• Tourism and education

• Manufacturing

What is the expected trend for China's exports in the near future?

• Rapid growth

• Normalization and decrease

• Stagnation

• Significant increase