El-Erian Says U.S.-China Tensions Will Get Worse

The video discusses the ongoing tensions between the US and China, highlighting the shift from economic to security concerns since 2017. It emphasizes the persistence of these tensions and their role in gradual deglobalization. The discussion also covers the importance of liquidity in investment strategies, urging investors to focus on market flows and technicals.

In what ways has liquidity been a theme in investment strategies according to the speaker?

What implications does the speaker suggest regarding asset prices and fundamentals?