A Lot of Damage Has Been Done to Markets, Says JPMorgan's Bob Michelle

The video discusses the impact of market crashes and economic shocks, emphasizing the need for effective policy responses. It explores monetary and fiscal strategies, including interest rate cuts and asset purchases, to aid recovery. The discussion also covers market recovery shapes, global indicators like the Swiss franc, and the role of fixed income in risk mitigation.

What is the significance of the trade-weighted Swiss franc mentioned in the discussion?

What concerns are raised about the treasury market's characteristics after recent moves?