El-Erian: Trump Rally Needs More Fuel From Policy

The transcript discusses market impatience due to pending policy implementations post-election. It highlights economic headwinds from global factors and structural issues, emphasizing the need for continuous market fuel. Markets are optimistic about deregulation, tax reform, and infrastructure spending, despite trade uncertainties. The Trump rally is noted for its unique market confidence, contrasting with past Federal Reserve reassurances. The potential for policy implementation is seen as higher due to a Republican majority in Congress, which may lead to economic reforms previously stalled.

What uncertainties are associated with the trade side as mentioned in the text?

In what way does the text suggest that the current Congress differs from previous ones in terms of economic reforms?