UBS' Haefele on Equities, Trade, Fed

The video discusses the current state of equity markets, advising against closing long positions due to strong economic and corporate earnings growth. It examines US-China trade tensions, suggesting a trade war is unlikely. The Federal Reserve's focus on US economic strength is highlighted, with interest rate hikes not yet stifling growth. The ECB and Bank of Japan's roles in global liquidity are also considered.

What are the potential impacts of the Fed's rate hikes on the global economy?

In what ways is the current monetary policy cycle different from previous cycles?