Equities Rally Is Justified and Has Further to Go, Says BofAML

The video discusses the paradox of rising equity markets despite economic challenges like unemployment and defaults. It explains that markets are forward-looking, pricing in recovery as economies reopen. The European equity market is analyzed, focusing on PMI changes and potential growth. Regional market dynamics, particularly the impact of the dollar and US-China trade relations, are explored. The video concludes with investment strategies, highlighting a shift from defensive sectors like pharma to financials.

What are the implications of the dollar's performance on European equities?

What trends are observed in the financial sector compared to the farmer sector?