Emerging Stock Valuations 'De-Rating' Expected, JPMorgan's Sullivan Says

The video discusses the manipulation of the bond market and the inversion of the yield curve, raising concerns about global growth and risk assets. It highlights the impact of a strong US dollar on emerging markets and the dovish outlook from the ECB. The economic challenges faced by the Philippines and the regional economy are explored, along with the potential effects of oil supply changes. The video concludes with an analysis of US trade policy and political risks, particularly focusing on Donald Trump's election prospects and their implications for the market.

What factors would lead to a change in the rating for the Philippines as mentioned in the discussion?

What is the significance of the trade policy discussion in relation to the Trump administration?