BNP Paribas' Raychaudhuri: Markets Priced in a Good Trump

The video discusses the market's pricing of economic optimism and the potential impact of protectionism under Trump's policies. It highlights the market's performance post-US election and advises caution for investors. The focus shifts to China's economic indicators, noting improvements but also concerns about currency and US dollar debt. The discussion includes the impact of tariffs and border taxes on global trade and supply chains.

What factors contribute to the optimism expressed by companies in the surveys mentioned?

How does the text describe the relationship between tariffs and American consumers?

What are the implications of the currency concerns for investors in China?