Societe Generale's Benzimra on Global Markets

The video discusses recent changes in the Fed fund rate market, including expected cuts and yield curve steepening. It explores the implications for asset allocation, favoring US Treasury over equity. The Fed's actions are seen as avoiding a financial crisis but not guaranteeing inflation decline. The debate on interest rate hikes and the potential end of the tightening cycle is highlighted. The impact on Asia equity strategy, particularly concerning the banking sector and US dollar, is examined. The strategy for reducing dollar portfolio exposure is also discussed, considering US growth projections.

What significant change is observed in the Fed fund rate market?

How does the tightening cycle impact financial stability according to the text?

What is Ben Emmons' perspective on the Fed's actions and its implications?

What adjustments are being made to the Asia equity strategy in light of recent events?

What factors are influencing the view on the US dollar and its portfolio adjustments?