Pella's Glass on Global Markets

The video discusses potential risks from central bank missteps and market pricing, highlighting concerns about inflation and interest rates. It explores the possibility of an economic recession and its impact on earnings, with a focus on wage growth and Fed policy. The analysis extends to global bonds and interest rates, considering the role of Japanese investments. Finally, it evaluates the strength of the US consumer amid inflationary pressures, suggesting a potential trade down in consumer behavior.

What risks are associated with the current market pricing and central bank policies?

In what ways might the US consumer behavior change in the coming year?