Markets Aren't as Liquid as People Think, Says Nomura's Hafeez

The video discusses the impact of Fed speak on market reactions, highlighting a potential rate hike in 2019. It analyzes the US economy's strength, suggesting a small chance of rate hikes due to positive indicators. The distinction between liquidity and credit crises is explored, emphasizing market liquidity challenges. Finally, the video examines the dollar's position against global currencies, noting potential weaknesses against the euro and yen due to deficits and surpluses.

What does the speaker suggest about the current pricing of rate hikes in the US economy?

How does the speaker differentiate between a liquidity crisis and a credit crisis?

In what ways does the speaker believe the market's liquidity has changed over the past few years?

What are the implications of the structural changes in the prop market mentioned by the speaker?

What factors contribute to the speaker's view on the dollar's weakness against the euro and yen?