Royal London's Greetham Sees a Risk-On Tone for Markets in 1H

The video discusses the indirect impact of the government shutdown on Federal Reserve policy, highlighting the resilience of the US consumer despite recession fears. It notes strong retail sales, wage growth, and a tight labor market, with China adding economic stimulus. The speaker predicts a risk-on tone for the first half of the year, with the Fed likely to hike rates later. The recession is deemed a myth for the current year, but concerns remain for the next year.

What does the speaker suggest about the state of retail sales during the shutdown?

According to the speaker, what is the outlook for the economy in the coming year?