What's Driving Global Market Optimism?

The video discusses the optimism in global markets, highlighting the S&P 500's strong performance over the past seven years compared to the MSCI All Country World Index. It emphasizes the US equity market's significant influence on global markets, despite specific regional issues. Emerging markets are expected to catch up, with profit estimates rising faster than those for developed markets. The video also advises against shorting gold, considering it a hedge against potential economic uncertainties, including inflation and geopolitical risks.

What factors have contributed to the outperformance of the S&P 500 compared to the MSCI all country world over the past seven years?

How have specific issues in regions like Japan, Europe, and emerging markets affected their equity performance?

In what ways might the global trade recovery impact markets outside of the US?

What is the significance of the rising profit estimates for emerging market companies compared to developed markets?

Why is gold considered a hedge in the current economic climate, despite the potential for a Fed rate hike?