Markets' Realistic About a Trade Deal Not Happening, Marangi Says

The video discusses the current state of international and emerging market investments, highlighting the valuation gap between the US and other markets. It explores the potential impact of a China trade deal on markets, noting the unlikelihood of a major deal soon. The discussion shifts to the US economy, examining mixed data on jobs and consumer confidence, and questioning whether the industrial economy's downturn will mirror past trends or differ. The video concludes with a cautious outlook on avoiding a recession before the next election.

What are the implications of the industrial economy turning over for the overall U.S. economy?

In what ways might the current economic situation resemble the events of 2015-2016?