Trade Tensions Already Priced in by Markets, Says Kapstream's Lee

The video discusses the market's reaction to recent tariffs imposed by the US and China, noting a less severe impact than expected, leading to a rally in equities and yields. It highlights the lack of immediate solutions to trade tensions, suggesting incremental and gradual approaches. The role of the dollar is examined, with its recent pullback not correlating with emerging market recovery. The video concludes with an outlook on the US dollar, predicting continued strength due to interest rate hikes and economic factors.

What role does the dollar play in the recovery of emerging market stocks?

What are the expectations for the Fed's actions in the coming months?