U.S. Equities Set to Gain Even Amid `Choppier' Period, Pictet Says

The video discusses the sharp recovery in markets following a significant decline in Q1, highlighting the role of central banks and fiscal authorities in supporting this recovery. It examines the tech-heavy nature of the S&P and NASDAQ, which have benefited in the current environment. The discussion also covers the implications of low yields on investor behavior, emphasizing the search for yield in risk assets. The video concludes with an analysis of fiscal support measures across the US, UK, and Europe, and their potential impact on the real economy.

What are the expected trends in market valuations based on the information provided?

Discuss the implications of fiscal support on the real economy as described in the text.