Short Squeeze Not a Big Deal for Overall Asset Allocation: JPM’s Normand

The video discusses the impact of short squeezes on the market, noting that while they can cause temporary disruptions, they are not the main story in global markets. The focus is on fiscal stimulus in the US and easing lockdowns in Europe. High valuations raise concerns about market bubbles, but no significant global catalyst is identified. The US is easing restrictions and considering further stimulus, while Europe struggles with growth due to the virus.

What is the current situation regarding fiscal stimulus in the US compared to Europe?

What are the potential catalysts for market changes mentioned in the text?