Why You May Want to Be Cautious on U.S. Stocks

The video discusses the unexpected market movements at the start of the year, highlighting the initial bearish sentiment and subsequent rally. The impact of the dollar's weakness and Federal Reserve actions on the market, particularly in cyclical sectors, is examined. The speaker explains how they adjusted their strategy in response to these changes, emphasizing a preference for high yield investments over US equities due to credit spread conditions.

What strategy did the speaker adopt in response to the market changes?

What is the current preference of the speaker regarding high yield versus equities?