Investors Starting to Sense They've Overreacted, Marketfield CEO Says

The transcript discusses the performance of the NASDAQ and SNP, highlighting record highs despite some market fluctuations. It delves into the earnings season, noting changes in investor sentiment and the impact of global equities. The discussion also covers the challenges companies face with rising input costs and pricing power, and how these affect inflation. Finally, it contrasts the sentiment towards US and global markets, suggesting a potential catch-up of global markets with the US in the third quarter.

What does the speaker mean by 'violent one way trade' in the context of market movements?

In what way does the speaker believe the rest of the world will catch up with the US economy?