Cyclical Trade Has Further to Run, Citi’s Rahbari Says

The video discusses the current market situation, highlighting a pause and exhaustion phase in trends. It explores the dynamics of correlations between rates and risk assets, noting the potential for equity prices to rise as US rates stabilize. The discussion also covers the changing nature of the reflation trade and the diminishing US exceptionalism, suggesting a synchronous global recovery in the near future.

Discuss the concept of the reflation trade as presented in the text.

What does the text suggest about the future of global recovery?