PineBridge Investments' Nicola Likes China & EM

The video discusses the impact of rising food prices and China's PMI on inflation, highlighting the risk of sustained high inflation in 2023. It examines asset allocation strategies, noting the outperformance of European equities and the potential for a US earnings recession. The video also explores the implications of rising treasury yields on portfolio strategies, emphasizing opportunities in China and emerging markets. The Fed's dual mandate and the potential economic risks of continued rate hikes are analyzed, with a focus on maintaining credibility while managing inflation and labor market strength.

What are the potential opportunities in emerging markets as mentioned in the text?

How does the Fed's dual mandate affect its decision-making regarding interest rates?

What factors are expected to contribute to the growth of the Chinese economy in 2023?