Gallo: There Is No Recession in Next 18 Months, But There Are Fears in Europe

The video discusses the current state of the EU bond market, highlighting opportunities and risks such as Brexit and recession fears. It explores portfolio strategies, referencing Bill Gross's experiences, and examines the potential for market volatility. The discussion also covers global economic trends, emphasizing the absence of a recession in the near term. Finally, it evaluates investment opportunities in European banks, focusing on their solvency and market positioning.

What are the main concerns affecting the EU bond market currently?

• US-China trade tensions

• Brexit and Italian budget issues

• High inflation rates

• Rising oil prices

What investment strategy does the speaker suggest for bond portfolios?

• Focus on short-term gains

• Always maintain a long position

• Diversify across all sectors

• Adopt a directional bias

What is the speaker's outlook on recession in the next 18 months?

• Recession risks are overestimated

• A recession is imminent

• Recession will occur in Europe only

• Recession will occur in the US only

What is the speaker's view on the potential for market volatility in 2019?

• Volatility will increase significantly

• Volatility will be unpredictable

• Volatility will remain subdued

• Volatility will only affect emerging markets

Which countries are highlighted as having high yields in their banking sector?

• Spain and Italy

• Portugal and Greece

• Germany and France

• UK and Netherlands

What is the main issue with the German banking system according to the speaker?

• Low profitability due to local savings banks

• Lack of government support

• Over-reliance on international markets

• High competition from US banks

Which European bank is mentioned as having a diversified income source?

• BNP Paribas

• Barclays

• UniCredit

• Deutsche Bank