This Strategist Says Best Equity Opportunities Lie Outside U.S.

The video discusses the dominance of the tech sector in the US equity rally and the potential for growth in global equities outside the US, particularly in the UK, Europe, and emerging markets. It highlights the role of central banks in keeping interest rates low, affecting earnings yields and valuations. The US economic data shows consumer spending driving growth, with low unemployment and strong retail sales. The US Treasury plans to issue 20-year bonds to manage the deficit. Investment strategies favor equities over bonds, with a focus on positive real yields. The US consumer remains strong, supporting economic growth, while global growth is expected to narrow the gap with the US.

What are the implications of the US Treasury issuing 20-year bonds?

Discuss the expected trends in global growth and how they relate to the US economy.