Pimco's Browne Cautious on Stocks Going Into Second Half

The video discusses the current dynamics of the stock and bond markets, highlighting the changes in market behavior over the past two years. It examines the factors driving the stock market, such as robust earnings and company guidance, despite a slight decline in recent quarters. The video also addresses the resilience of equities in the face of potential recession risks and the disconnect between stock and bond market signals. It warns of market complacency and the need for caution as economic slowdown risks begin to emerge.

What disconnect is mentioned between stocks and bonds?

What is the current sentiment regarding equities as we move into the second half of the year?