Overseas Bank Head's Heng Sees Markets 'Cautious' Before Inauguration Day

The transcript discusses the cautious market sentiment ahead of the US presidential inauguration, highlighting the impact of political events on risky assets. It examines the rise in US yields and the potential economic implications, including concerns about inflation and the Fed's limited tools to manage the situation. The discussion also covers the significant growth in US money supply and its influence on stock market behavior, emphasizing the need for gradual adjustments to avoid market disruptions.

What are the potential impacts of the political scene on the markets as discussed in the text?

How does the speaker perceive the current state of risky assets in the market?

What concerns are raised regarding the rise in US yields and its implications for the economy?

What factors contribute to the significant rise in US money supply growth as mentioned in the text?

In what ways does the speaker suggest that speculative excesses in the market can be managed?