The One Catalyst Driving the Global Bond Rally

The video discusses the impact of central bank actions on market expectations, particularly focusing on the UK, Japan, ECB, and the Fed. It highlights the negative bond risk premium and its implications for long-term bond holding. The discussion also covers the effectiveness of central bank easing as a stimulus, arguing it has been more of a tax than a stimulus. The video concludes with an analysis of the stock market's reaction to Brexit, focusing on the VIX curve and the technical nature of the market rally.

According to the speaker, what has been the impact of central bank policies on inflation expectations?

What is the speaker's view on the recent market rally and its underlying fundamentals?