Charles Schwab's Jones Says There's No Reason to Jump in EM

The video discusses the current market sentiment, highlighting the need for a catalyst to drive investment. It explores the global repricing of risk, particularly in Turkey, and the impact on equity markets. The trading environment is analyzed, focusing on liquidity issues and bid-ask spreads in high yield debt. Indonesia's economic measures to address its current account deficit are examined. Finally, the video reviews EM fixed income spreads over Treasurys, suggesting they are at average levels but could widen further.

What is currently lacking in the market that prevents a move?

• A catalyst for change

• Sufficient liquidity

• A clear investment strategy

• High investor confidence

What is the main concern regarding the global repricing of risk?

• The stability of the US dollar

• The performance of US equity markets

• The impact of Brexit

• The situation in Turkey

Which country's economic measures are discussed in the context of addressing a current account deficit?

• India

• Indonesia

• Turkey

• Argentina

What has been the trend in bid-ask spreads in emerging markets?

• They have become unpredictable

• They have narrowed significantly

• They have remained stable

• They have widened

What is the expected spread level in emerging markets compared to historical averages?

• At average

• Below average

• Above average

• Unchanged