This week:

1. Extremes in speculative futures positioning in stocks vs bonds
2. USD becoming a crowded trade and what this means for the outlook
3. EM risk pricing relief rally drivers and why it's likely to be short-lived
4. Active vs passive fund flows and the new zero fee passive fund from Fidelity 
5. Japanese government bond yields going to 1%? (and the role of the BOJ)

 Video Length: 00:11:15