Markets Will See More Upside Until ‘Phase 1,’ Says DWS’s Taylor

The transcript discusses a global risk rally, influenced by seasonality and positive earnings in the US, particularly benefiting Asian emerging markets. The phase one agreement is seen as positive but not immediately impactful on GDP growth. Earnings are crucial for the continuation of the risk rally, with lower forecasts expected. PMI trends suggest a potential recovery, and investment strategies focus on fixed income and selective emerging market yields. The discussion highlights the importance of earnings and PMI stabilization for a better market outlook.

What trends are observed in the PMI data according to the speaker?

What are the implications of the current yield trends for investment strategies?