UBS's Baweja Says Political Uncertainty Weighs on Fed

The video discusses the impact of political uncertainty on economic forecasts, particularly focusing on the potential delay in capital expenditure (cap ex) rebound in the US. It explores how markets are pricing political risks and uncertainties, noting that the market's reaction is often binary and not incremental. The discussion also highlights the importance of manufacturing revival and capacity utilization in the US economy, emphasizing the need for improvement in these areas despite some job growth.

In what ways has the market's response to geopolitical risks been characterized?

What concerns are raised about the manufacturing revival in the US?