Likely to See Rotation Trade Through Second Half: Pease

The video discusses global stock market trends, focusing on the rotation from US to non-US stocks, particularly in Europe and Japan, due to economic performance and vaccine rollouts. It highlights challenges in emerging markets, such as China's credit slowdown and US dollar strength. The video also evaluates credit risks in US high yield and investment-grade markets, noting low spreads and corporate profit growth.

What challenges are emerging markets facing in the context of vaccine rollouts?

What are the implications of U.S. dollar strength on emerging markets as discussed in the text?