Stanhope's Bell Says $50 Is a Floor for Oil Prices

The video discusses OPEC's 90% compliance with production cuts, stabilizing oil prices around $50. It highlights the global economic momentum, with positive PMI and consumer sentiment, but warns of potential risks from US policies, European political issues, and China's slowdown. The speaker suggests a cautious market approach, trimming equities after a strong rally post-Trump's election.

What is the speaker's base case regarding the global economy?

What recent action did the speaker take regarding equities, and why?