We Are Neutral Equities, But Increased Gold, Cash Allocations, Says Cazenove’s Mui

The video discusses the market's nervousness due to trade tensions, highlighting the S&P 500's reaction to Trump's headlines. It explores how Cazenove is managing potential volatility by maintaining a neutral equity position and increasing gold and cash allocations. The discussion shifts to the dollar's role in trade tensions, considering the possibility of US FX intervention and its implications. The potential for a currency war and its impact on market sentiment is also examined. Finally, the video considers the effects of a weaker dollar on global growth, particularly for emerging markets, and the risks of US currency manipulation on investor confidence.

What are the implications of the US increasing its budget deficit on the dollar?

In what ways could a weaker dollar affect emerging markets according to the discussion?