UBP's Calder: Very Difficult to See Stocks Outperform in 2H

The video discusses the current state of global markets, focusing on the US market's recent rally and potential outperformers. It highlights central banks' easing bias due to weakening economies and the challenges in sustaining first-half equity gains. The video also examines global trade health, with key indicators below average, and provides investment strategies, including a tactical overweight on China and an underweight on Europe. The overall outlook is cautious, with expectations of moderated returns in the second half of the year.

What factors are contributing to the current performance of the US markets?

How do central banks' recent changes in language reflect their economic outlook?

What challenges are defensive sectors facing in the current market?

What is the significance of the Bloomberg Key gauges around trade?

What is the current view on equities and how does it differ by region?