What Does The U.S. Infrastructure Bill Mean for Markets?

The video discusses the global economic outlook for 2019, emphasizing that negative sentiment is not supported by data. It highlights the importance of a US infrastructure bill over a China-US trade deal, as it could provide significant economic stimulus. The discussion covers global GDP and PMI data, suggesting that while growth is slowing, the US economy remains strong. The potential for a recession is considered, with lingering issues from the Global Financial Crisis still present. Key dates to watch include infrastructure developments and potential Fed pivots. The video concludes with an analysis of market stress and interest rate trends.

What is the speaker's perspective on the current state of global GDP and its growth?

What does the speaker suggest about the market's current sentiment and its implications?