Gluskin Sheff's Rosenberg: Too Much Negativity on Bonds

The video discusses the bond market's consolidation, driven by Brexit and Trump-related growth euphoria. It predicts lower yields due to declining inflation expectations. The dollar is seen as overvalued, with a potential medium-term weakening. Market sentiment indicators show high confidence but no immediate spending or hiring increases. The FX market is influenced by trade surpluses, particularly affecting the euro, yuan, and yen. The Trump fiscal plan's impact on yields is examined, with a focus on healthy normalization and potential growth constraints.

What are the two main factors that influenced the bond market's consolidation according to the transcript?

• Brexit deflation trade and Trump's recession fears

• Brexit inflation trade and Trump's growth euphoria

• Brexit inflation trade and Trump's recession fears

• Brexit deflation trade and Trump's growth euphoria

What is the current market sentiment towards the dollar as discussed in the transcript?

• The dollar is undervalued and expected to weaken

• The dollar is stable with no expected changes

• The dollar is overvalued and expected to weaken

• The dollar is undervalued and expected to rise

Which region is considered most vulnerable in the FX market according to the transcript?

• China

• Japan

• Germany

• United States

What role does the FX market play in relation to Washington policy as per the transcript?

• It acts as a supporter of Washington policy

• It acts as a release valve for Washington policy

• It acts as a stabilizer for Washington policy

• It acts as a barrier to Washington policy

At what yield level does the transcript suggest growth might be hindered?

• 3% on the 10-year yield

• 4% on the 10-year yield

• 5% on the 10-year yield

• 2% on the 10-year yield