Risk-On Calls Are Simply a Policy Bet, BNY Mellon’s Yu Says

The video discusses whether current market trends indicate a buying opportunity or a shift in the reflation trade. It highlights concerns about global growth, the impact of vaccination rates, and the FDA approval of Pfizer. The discussion also covers China's regulatory actions and their effects on tech shares and consumer sentiment. The video concludes with speculation on future economic growth and the potential for stagflation.

What factors does the speaker believe could lead to stagflation?

What is the speaker's outlook on the market's need for resolution by the end of the year?