Risk On Feeling Is Back in Markets, Says Barings’s Do

The transcript discusses the impact of trade on market metrics, highlighting the volatility of the offshore yuan and comparing economic conditions between December 2018 and December 2019. It notes improved liquidity flows and a positive market outlook, with interest in local currencies and emerging markets. The discussion also covers expectations of a 'melt up' in American stocks and U.S. Treasury yields, and whether this trend will extend to China and Asia. The finalization of the phase one trade deal is seen as crucial for renewed investor interest in China, with economic indicators suggesting a modest recovery.

What does the text suggest about the future of the stock market in relation to the trade deal?

What is the significance of the phase one trade talks as discussed in the text?