Pimco Says `High Yield and Credit Generally Are Overvalued'

The video discusses the impact of trade uncertainty on markets, highlighting how tariffs act as a tax on consumers and producers. It debates whether current conditions amount to a trade war and examines the Fed's position on inflation and interest rates. The discussion also covers market uncertainty, risk premiums, and investment strategies, emphasizing the need for caution in credit and high yield markets while considering opportunities in emerging markets.

What are the potential risks associated with the trade war as discussed by the speakers?

What investment strategies are suggested in light of the current economic conditions?