Global Stocks Keep Melting Up to End First Half

The video discusses the current economic landscape, highlighting the 14% gains in the SMP and the strong U.S. economy. It addresses potential volatility due to the Delta variant, infrastructure negotiations, and global reopening challenges. The Federal Reserve's tapering plans and fiscal policy are examined, along with their impact on bond markets and the yield curve. The discussion also covers the stability of the global reopening, considering the Delta variant's impact on different regions and sectors like energy, financials, and big tech.

In what ways might the Federal Reserve's actions affect market conditions?

What are the implications of the yield curve shifting over the past three months?