Pictet's Donay Favors U.S. Equities Over Bonds

The video discusses the Federal Reserve's monetary policy, focusing on market reactions, credit growth, and interest rates. It highlights the Fed's shift to a dovish stance, pausing rate hikes and balance sheet contraction. The discussion also covers asset allocation preferences, favoring equities over bonds due to positive forces like trade war truce and monetary policy stimulation, while acknowledging negative earnings momentum.

What are the two main considerations that Powell is likely taking into account regarding market behavior?

How did the Federal Reserve's decision on quantitative easing aim to impact economic growth?

What are the two targets that the Fed is likely focusing on to stimulate credit growth?

What does the current monetary policy suggest about the Fed's approach to interest rates and balance sheet contraction?

What are the positive and negative forces affecting the US equities market as discussed in the text?