UBS's Haefele: Markets Not Fully Discounting a Trump Win

The video discusses the increasing positive correlation between stocks and bonds, complicating asset allocation. It highlights central bank policies, particularly the Fed and BOJ, and their impact on markets. The role of fiscal policy in conjunction with monetary measures is examined, with a focus on potential political changes like a Trump presidency and their market implications. The video concludes with an analysis of emerging market assets, considering factors like oil prices and Federal Reserve actions.

What role does uncertainty in political leadership play in market dynamics?

What factors could potentially derail enthusiasm for emerging market assets?

How do oil prices relate to the performance of emerging market currencies?