Pendal Group: Room For Upside Surprise In China

The video discusses the possibility of the US being in a technical recession, highlighting low unemployment and economic indicators. It examines the impact of high inflation on sentiment and economic outlook, with potential rate hikes. The analysis covers yield curves, bond market resilience, and credit market risks, including high yield and investment grade. It concludes with an overview of China's credit market, dominated by the property sector, and Beijing's policy measures.

What indicators suggest that the US may already be in a technical recession?

How does the current unemployment rate in the US relate to the concept of a technical recession?

What role does inflation play in shaping economic sentiment according to the text?

What are the expectations regarding default rates in high yield and investment grade credit markets?

What is the current situation in China's credit markets, and what factors are influencing it?