Is the U.S. Business Cycle Slowing Down?

The video discusses the current state of the US economy, highlighting challenges in earnings growth due to a slowdown in the business cycle and low nominal GDP growth. It explores the impact of the US dollar on earnings, suggesting potential surprises from the external sector and emerging markets. The discussion also covers market risks, emphasizing the relative value between developed and emerging market equities. Finally, it provides insights into bond market trends and investment strategies, considering factors like wage pressures and commodity prices.

In what ways might emerging market equities be more beneficial than U.S. equities?

What are the implications of wage pressures in the US on the economy?