El-Erian: Markets Waiting on Policy Implementation

The transcript discusses market reactions post-election, focusing on policy expectations and the Trump rally's impact on market confidence. It analyzes Chinese trade data, currency management, and the potential risks in US-China trade relations. The discussion also covers Brexit's impact on sterling volatility and the challenges in emerging market currencies, highlighting opportunities despite volatility.

What factors are contributing to the impatience of investors according to the text?

How do the Chinese export numbers relate to the global economy's impact on the US economy?

What are the reasons mentioned for the market's confidence in the implementation of announced policies?

How does the text describe the current state of the foreign exchange market in relation to Brexit?

What potential risks are associated with a cooling relationship between the US and China?

What are the implications of excessive depreciation of currency as discussed in the text?

What trade strategy is suggested for those willing to tolerate volatility in emerging markets?