Kettner: US Dollar Becoming More Attractive Again

The video discusses current market trends, focusing on the lack of a clear risk-on environment despite rallies in various asset classes. It examines the Fed's data-dependent approach and its impact on market sentiment, highlighting the potential for a single CPI number to disrupt current trends. The discussion also covers the role of portfolio rebalancing and unwinding of hedges in the market, concluding with investment strategies in multi-asset portfolios, emphasizing the attractiveness of the dollar, energy sector, and emerging market assets.

What factors are contributing to the current rally in fixed income according to the text?

How does the speaker describe the current market sentiment towards equities?

What does the speaker imply about the relationship between inflation and Fed rate hikes?

What concerns does the speaker express regarding the market's interpretation of the Fed's stance?

What does the speaker suggest is happening with capital in relation to the rally in equities?

How does the speaker characterize the current state of energy markets?

What is the speaker's view on emerging market local currency debt?