U.S. Labor Market 'Undeterred' by Delta Shock: MKM's Darda

The video discusses the current state of the labor market and economic indicators, highlighting positive trends in jobless claims and confidence numbers despite the delta variant. It analyzes stock market trends, emphasizing high equity prices, earnings, and liquidity. The potential impacts of the Federal Reserve's tapering on markets are explored, with a focus on interest rates and inflation. Insights into bond market dynamics and economic indicators are provided, and the video concludes with a discussion on market risks and future economic outlook, including GDP growth and supply dynamics.

What is the expected impact of the Fed's tapering on the economy and markets?

What are the potential biggest downside catalysts for the market as discussed?

How is the labor market expected to evolve in the coming months according to the text?