Carmignac Favors Shorter-Dated Treasury Notes

The video discusses the current disinflation trend and its implications on the U.S. economy, highlighting that while disinflation is present, the core CPI remains above the Fed's target. It also examines the impact of tariffs and other factors on inflation. The discussion shifts to U.S. Treasuries, suggesting a focus on the short part of the curve due to uncertainties and high economic activity. The video concludes with a strategic outlook on economic conditions and curve steepening.

What is the current state of the core CPI in relation to the Federal Reserve's target?

• It is below the target.

• It is above the target.

• It is not relevant to the target.

• It is at the target.

What external factor is mentioned as potentially affecting inflation?

• Tariffs

• Exchange rates

• Unemployment

• Interest rates

Which part of the U.S. Treasury curve is considered a safer investment?

• Both parts are equally safe

• The short part of the curve

• Neither part is safe

• The long part of the curve

What is the main reason for caution in investing in the long part of the U.S. Treasury curve?

• Decreasing deficit

• High inflation and uncertainties

• Economic stability

• Low inflation

What is the outlook on potential economic growth according to the transcript?

• The economy is at potential growth.

• The economy is below potential growth.

• The economy is above potential growth.

• The economy is not expected to grow.