MLIV QOD: When Does China Go from Headwind To Tailwind?

The video discusses the unexpected market dynamics over the past six months, highlighting the stronger-than-expected performance of the US economy and the lagging growth in China. Despite initial predictions, equity markets have risen, and volatility has reached a five-year low, though this has not yet led to increased equity capital market issuance. The year has started in a counter-consensual manner, defying earlier expectations.

What was the initial view on commodities regarding China's economic recovery?

How has the performance of the US economy compared to expectations?

What has been the trend in equity markets and volatility this year?

What has not yet translated into equity capital markets issuance?

Describe the start of the year in terms of market consensus.