State Street's Shao: Turned Tactically Long On USD

The video discusses the ongoing market repricing and the potential for higher terminal rates due to strong US data and Powell's testimony. It explores the movement of bonds and stocks, highlighting the disconnect between the two markets. The video also provides portfolio strategies, emphasizing a positive outlook on long-term Treasury and Chinese markets. Additionally, it examines the ECB's aggressive stance on inflation control and its impact on the euro and dollar.

What factors are contributing to the ongoing repricing by the market?

How might the upcoming CPI data impact market expectations?

What are the implications of a potential divergence between bonds and stocks?

What is the current sentiment towards the US equity market according to the text?

In what ways is the ECB's approach to interest rates different from the Fed's?