Global market strategist for Asia Pacific. David Choo described equity valuations for the US as Frothy citing current market conditions as the calm before the storm. In an interview with Bloomberg markets, China opened, he discussed his bullish position on global infrastructure which he believes will benefit from persistent inflationary pressure. Well, I think that infrastructure investments or alternative investments make sense right now. Given that we think that inflation is going to be persistent in the US for a while and the rates could be higher for longer.

So we think about investments that could do well over this period of time. And I think that infrastructure investments such as waste management, toll roads, airports sectors that are that benefit from price increases from their contracts. So I think that these investments could do well um over the next couple of years. Um outside of the obvious candidates on risk, is there anything that we should be paying attention to that the market is seemingly relaxed about? Well, I think that geopolitical risk is certainly um something that we keep an eye on.

But I think we're in this period where it could be the kind of the calm before the storm, the storm being us domestic politics that could really uh kind of uh flame up the geopolitical tensions between these two countries. But I think it's, I think it's very encouraging to see that talks at the high level between the US and China have been going pretty well. And also I want to point out that, you know, China is taking a much larger, they're a much more important player at the global geopolitical stage, both in terms of the recent talks in Ukraine and also negotiating the Saudi Arabia and Iran bilateral relations. So I think that geopolitical tensions can also be a benefit as well.