UBP's Calder: Very Difficult to See Stocks Outperform in 2H

The video discusses the current state of global markets, focusing on the US market's recent rally and potential outperformers. It highlights central banks' easing bias due to weakening economies and the challenges in sustaining first-half equity gains. The video also examines global trade health, with key indicators below average, and provides investment strategies, including a tactical overweight on China and an underweight on Europe. The overall outlook is cautious, with expectations of moderated returns in the second half of the year.

What recent trend has been observed in the US markets?

• A decline in equity and credit

• A rally in American equities, credit, and US Treasurys

• A shift towards emerging markets outperforming

• Stability in the market with no significant changes

What is the current stance of central banks regarding economic policy?

• They are maintaining a neutral stance

• They are adopting a tightening bias

• They are leaning towards an easing bias

• They are focusing on increasing interest rates

How did global equities perform in the first half of the year?

• They declined by 10%

• They remained stable with no significant change

• They were up by 17%

• They experienced a slight increase of 5%

What is the current view on equities according to the investment strategy discussed?

• A neutral view on equities

• A global overweight view on equities

• A focus on European equities

• A global underweight view on equities

Which region is currently seen as having potential for positive sentiment in the second half of the year?

• Europe

• South America

• China

• Australia