Pimco's Browne Says Equities Still Offer Value Versus Other Asset Classes

The transcript discusses market valuation concerns, particularly in relation to Apple's sales warning and the equity risk premium. It highlights the resilience of markets despite coronavirus concerns, emphasizing strong corporate balance sheets and low recession risk. The discussion also covers the dynamics of the treasury market, noting its role as a risk diversifier and the impact of Fed policies on financial conditions.

What are the underlying macro factors driving the economy and earnings growth?

What role do Treasurys play in an investment portfolio according to the discussion?