US Equities Are a Bit in La-La Land: UBS's Zuercher

The transcript discusses the performance of equities and bonds, highlighting the high valuation of US tech stocks and the potential impact of economic slowdowns and interest rate hikes. It also examines emerging markets, particularly China, noting positive policy developments and increased investor confidence. The discussion covers the impact of policy changes on investor sentiment and the importance of rate sensitivity in global markets, with a focus on Japan's structural trends and inflation.

What role does investor confidence play in the current market dynamics in China?

How might changes in Japan's labor market impact inflation and the economy?