Market Must Adjust to New Normal on Trade, JPM's Maharaj Says

The video discusses the potential long-term nature of the trade war and its impact on market reactions. It highlights a shift towards a more cautious and pessimistic outlook, emphasizing the need to adapt to a new normal involving tariffs and structural issues. The discussion includes strategies for markets to handle risk and growth, suggesting that holding duration in portfolios remains sensible. The preferred investment strategy is credit, given the low recession risk in the US, positioning it as a favorable option.

What is the consensus regarding the outlook on trade discussions?

What are the two main factors being considered in the ongoing trade discussions?

How should markets adapt to the ongoing trade war according to the text?

What does the text suggest about the likelihood of growth being significantly higher?

What is the preferred investment option mentioned in the text?