BlackRock's Koesterich: U.S. Stocks Look Expensive

The video discusses the valuation of the US stock market, comparing it to historical data and other countries. It highlights the potential for fiscal stimulus and its implications for economic policy and market sectors. The discussion also covers the impact of changing interest rates on various market sectors, particularly bond market proxies and defensive stocks.

What is the significance of finding value in Asian equities according to the speaker?

In what ways might rising interest rates affect defensive stocks?