BNP Paribas' Raychaudhuri: Markets Priced in a Good Trump

The video discusses the market's pricing of economic optimism and the potential impact of protectionism under Trump's policies. It highlights the market's performance post-US election and advises caution for investors. The focus shifts to China's economic indicators, noting improvements but also concerns about currency and US dollar debt. The discussion includes the impact of tariffs and border taxes on global trade and supply chains.

What has the market primarily priced in regarding Trump's policies?

• The negative impacts of protectionism

• The increase in tariffs

• The positive economic growth indicators

• The decline in the Mexican peso

Which region might feel the pressure from Trump's protectionist measures?

• South America

• Asia

• Europe

• Africa

What is a potential consequence of implementing tariffs according to the discussion?

• No impact on American consumer costs

• Stability in American consumer costs

• Increase in American consumer costs

• Decrease in American consumer costs

What was the market's reaction immediately after the US election?

• A gradual decline

• A significant bounce

• No change

• A significant decline

Which markets are mentioned as being overweight in the discussion?

• United States and Canada

• China, India, Thailand, and Indonesia

• Japan and South Korea

• Brazil and Argentina

What is a major concern for investors regarding China?

• The environmental policies

• The political climate

• The currency

• The labor market

Which type of companies are advised to be avoided due to currency concerns?

• Companies in the healthcare sector

• Companies with high US dollar debt

• Companies with low US dollar debt

• Companies in the technology sector