Markets Are Not Complacent, Says State Street's Veitmane

The video discusses the potential risks in the market, including a broad asset sell-off if trade tensions escalate. It analyzes the current state of equity markets, noting that while earnings are driving market growth, geopolitical risks are being factored into valuations. The discussion highlights that markets are not complacent, with valuations lower than at the start of the year despite higher earnings. The video concludes with an analysis of valuation trends and the impact of geopolitical issues on market outlook.

In what ways are current equity prices described in relation to their valuations at the beginning of the year?

What factors are influencing the market's perception of risk and earnings outlook?