CIBC's Rai Says Recession Is Not Likely Priced-In at This Point

The video discusses whether a recession is priced into the markets, examining past and present indicators like the yield curve inversion. It explores the potential impact of the US-China trade war on the US economy, particularly the consumer and employment sectors. The discussion shifts to the current bull market, emphasizing the unprecedented liquidity injected by central banks over the past decade. Finally, it addresses concerns about the equity market, noting that significant sell-offs occur only with economic slowdowns or policy tightening, neither of which are immediate concerns.

How does the speaker describe the current state of the bull market?

What does the speaker suggest about the relationship between central bank policies and equity markets?