Cash as an Asset Makes Bargains Less Compelling, JPM's Maharaj Says

The video discusses the current risks in the US credit market, focusing on the spread widening in high yield and its implications. It highlights the importance of monitoring these risks beyond trade and oil price concerns. The video also introduces the Bloomberg Terminal's Market Live Blog, encouraging traders to explore bargain hunting opportunities. However, it notes that while some emerging markets have cheap valuations, the lack of catalysts for upside and the attractiveness of US cash as an asset class make bargain hunting less compelling.

What is the primary concern in the US credit market as discussed in the video?

• Rising interest rates

• Spread widening in high-yield bonds

• Decreasing oil prices

• Increasing trade risks

How is the concept of growth momentum slowing related to market activities?

• It is linked to the rise in oil prices.

• It is a reflection of increased trade risks.

• It is associated with events like Black Friday sales.

• It is due to the widening spread in US credit.

What does the video suggest about the current state of US cash?

• It is now considered an asset class in its own right.

• It is losing value rapidly.

• It is heavily influenced by oil prices.

• It is less attractive compared to emerging markets.

What is a challenge mentioned in finding investment opportunities in emerging markets?

• Excessive trade risks

• Lack of a catalyst for upside

• High valuations

• Overvaluation of US cash

Why might bargain hunting be less compelling according to the video?

• Due to the stability in high-yield bonds

• Because of the lack of trade risks

• Due to the attractiveness of US cash

• Because of the high oil prices