If the World's So Miserable, Why Are Stocks Up?

The video discusses the paradox of rising stock markets amid a forecasted global slowdown. It attributes this to central bank liquidity, low interest rates, and the relative attractiveness of equities over bonds. The discussion also touches on the lack of 'animal spirits' in the current global economy, influenced by trade tensions and cautious corporate behavior. However, financial markets show some animal spirits due to increased liquidity and expectations of dovish central bank policies.

What factors are contributing to the current performance of stocks despite a global slowdown?

How does central bank liquidity influence the stock market according to the text?

What is the relative valuation of equities compared to bonds as discussed in the text?

What does the term 'animal spirit' refer to in the context of the economy?

How have trade tensions affected the global economy according to the speaker?