Natwest Markets' McCormick Sees U.S. Just Missing Recession in First Half of 2020

The transcript discusses the current economic situation, focusing on the impact of infections on global growth. It highlights the economic damage predicted by various organizations and the challenges faced by different countries. Strategies for managing risks in volatile markets are explored, with a focus on hedging opportunities. The discussion also covers China's economic model for controlling infections and its implications for Western economies. Finally, concerns about passive investing and its potential risks are addressed.

What are the potential implications of the economic damage mentioned in the text?

How does the speaker assess the growth numbers for 2020?

What concerns does the speaker express about the spread of infections outside of China?

In what ways does the speaker suggest that passive investing could be a danger?

What factors does the speaker believe contribute to the divergence of asset prices from underlying fundamentals?