Equities Will Be First to Feel Impact of Tariffs, Says BNY Mellon's Loh

The video discusses the impact of trade tensions on global markets, highlighting the reactions of investors and analysts. It covers the market's initial indifference to trade discussions, the growing seriousness as numbers increase, and the implications for equities and treasury yields. Analysts' perspectives on market valuations and potential global impacts are explored, with a focus on the role of treasury yields as a safe asset amid economic uncertainties.

What was the initial reaction of risk-off assets like the yen and treasury yields to the trade discussions?

• They increased significantly in value.

• They showed little to no reaction initially.

• They reacted strongly and immediately.

• They decreased significantly in value.

As trade tensions increased, which country became a primary target?

• Brazil

• China

• Russia

• India

How are equities currently valued according to the discussion?

• They are overvalued.

• They are undervalued.

• They are somewhat valued but not cheap.

• They are extremely cheap.

What is the potential impact on global equity markets if a significant risk-off move occurs?

• It will have no impact.

• It could lead to a domino effect.

• It will only affect the US market.

• It will stabilize the markets.

What is the expected movement of treasury yields despite the Federal Reserve's positive economic outlook?

• They are expected to drop significantly.

• They are expected to remain relatively stable.

• They are expected to move significantly higher.

• They are expected to fluctuate wildly.