Mohamed El-Erian, chief economic adviser for Allianz, said earlier this month that he was not as optimistic about the US economy. United States As it seems to be the stock market and the president. In fact, he warned that “we must wear our seat belts” because the road ahead is still bumpy.
It seemed a little more cheerful on Tuesday.
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“These are not just actions. These are other risky assets. It is a fixed income. These are parts and they are goods. So it’s really good to see a tone of risk at all levels, which we haven’t really had in a while. “
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This is the opinion that El-Erian shared in an interview with CNBC Tuesday at the start of the rally.
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It increased by almost 600 points, exceeding what El-Erian described as “good news in all areas” on the coronavirus front.
He noted developments regarding a possible vaccine, as well as the reopening of the US economy. United States So far, this has not shown dramatic peaks in the new cases. He also said that several indicators suggest that consumers are ready to participate in the return to normal process.
“The great hope is that we will maintain it,” he said, adding a word of warning. “It will not be an easy process. There will be ups and downs, but keep in mind both the health side and the engagement side and this will give you a very good overview of our direction.”
Watch the interview:
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