Pimco's Browne Says It Makes Sense to Be Long U.S. Treasuries

The video discusses Jay Powell's testimony on the Fed's rate cut, market expectations, and the potential impact on Treasurys, the dollar, and global growth. It also evaluates risk assets and market divergence, highlighting the uncertainty in economic fundamentals and the influence of tech sector growth.

How might the Fed's positioning at the July meeting influence market expectations?

What does the term 'insurance cut' refer to in the context of Fed rate cuts?

What factors contribute to the divergence between macro fundamentals and equity market performance?