Markets Hold 'Veto Power' Over Fed Policy: Bianco

The video discusses the market's reaction to potential Fed rate hikes, emphasizing that the market has already priced in a reflation trade. It explores the influence of the Fed's future signals on market behavior and the potential mispricing of markets if reflation does not occur. The discussion also covers the decline in negative yielding bonds and the role of central bank stimulus, highlighting the high volatility and uncertainty in the market's future direction.

What are the potential consequences if the expected economic data does not improve?

Discuss the implications of central bank stimulus on negative yielding bonds as mentioned in the text.