Pimco Says Equities Are Set for a `Tougher Time'

The transcript discusses market volatility, US equity overvaluation, and the resilience of the market post-Powell speech. It highlights concerns about the debt market and US economic fundamentals, emphasizing valuation issues. PIMCO's strategy regarding bond market volatility and global policy divergences is explored. The discussion also covers China's economic challenges, currency management, and their potential impact on global markets.

How does the speaker view the current economic strength of the US?

What does the speaker suggest about the future of fiscal policy in China?

What does the speaker imply about the potential for currency volatility in China?