Markets Haven't Seen Full Impact of U.S.-China Trade War, JPMorgan Says

The video discusses the impact of collapsing bond yields on market stability and the global economy, emphasizing that cyclical assets remain expensive despite potential Fed rate cuts. It also highlights the significant role of the trade war in recent market downturns, noting that the full economic and market consequences are yet to be realized.

What are the biggest changes mentioned regarding the collapse in bond yields?

How does the speaker perceive the relationship between the Fed's actions and cyclical assets?

What role does the trade war play in the market changes according to the speaker?

What economic data trends were observed before the tariffs were increased?

What are the anticipated consequences of trade that the speaker mentions?