Saidi: Underweight U.S. Stocks

The video discusses the impact of the Delta variant on the economy, highlighting the potential delay in tapering discussions and structural changes. It examines the risks of delaying tapering, the Fed's monetary policy, and the potential leadership change from Powell to Brainerd. The video also analyzes stock market valuations, suggesting an overweight in Europe and emerging markets. Finally, it addresses the spike in gas market prices and inflation concerns, emphasizing the need to consider environmental effects and rising production costs.

What is the speaker's view on the current state of the US stock market compared to Europe?

What long-term changes in consumer behavior does the speaker anticipate due to rising oil prices?

How does the speaker assess the risk of inflation in relation to rising production costs?