State Street's Ayub: Markets Expecting Taper Announcements To Start in 4Q

The video discusses the decline in global manufacturing PMI and the shift towards services as economies reopen. It highlights challenges in market allocation with stocks at all-time highs and the role of earnings growth. The analysis covers US Treasury market reactions to inflation and the expected Fed tapering, emphasizing a barbell strategy of holding equities and US Treasuries.

What expectations are set for earnings growth in relation to stock performance?

How does the text describe the bond market's reaction to inflation and economic growth?