2017 Market Outlook: Fed, Leverage Headwinds

The video discusses the divergent monetary policies of global central banks, focusing on the US Federal Reserve's tightening stance. It examines the potential impact on markets, particularly in Europe, where conditions are improving post-Brexit. The discussion highlights the disconnect between stock market performance and economic fundamentals, emphasizing the role of central bank liquidity. The video also explores the implications of high leverage in the financial system, especially as interest rates rise, potentially leading to market corrections.

In what ways might the stock market adjust in response to economic fundamentals over the next year?

What challenges do pension funds face in the current interest rate environment?