Morgan Stanley's Shalett: OPEC Deal Critical for Markets

The transcript discusses the potential impact of oil prices falling below $40 and the importance of an OPEC deal to stabilize markets. It explores the implications of low oil prices on the reflation theme and market stress, particularly in relation to the strong US dollar. The discussion also covers the economic sentiment following Donald Trump's election, highlighting improved US GDP and S&P 500 earnings, while noting the risks of a strong dollar and weak oil prices.

What are the potential consequences of oil prices falling below $40?

How do low global oil prices affect emerging markets?

What role does the dollar's strength play in the context of oil prices?

Discuss the relationship between oil prices and the S&P 500 profits.

What factors are contributing to the current financial conditions in the market?