'Cautious' on Stocks; Bond Valuations 'Very Unattractive': Pictet Asset

The video discusses the performance of equities and bonds in May, highlighting the challenges faced by equities and the unattractive valuation of bonds. It analyzes the S&P 500's significant decline and the potential for further market correction, influenced by trade wars and technical indicators. The discussion shifts to the Federal Reserve's anticipated actions, with expectations of rate cuts next year due to a predicted recession. The video concludes with an examination of the US fiscal and monetary policy, emphasizing the limited room for fiscal measures and the focus on monetary easing, especially in an election year.

What factors are influencing the current sentiment towards equities and bonds as discussed in the text?

Discuss the implications of the trade war mentioned in the text on market stability.

How does the speaker perceive the potential for a recession next year?

What is the speaker's view on the Federal Reserve's actions in response to market conditions?

What are the concerns regarding fiscal policy in the context of the current economic situation?