Adrian Mowat, EM-Equity Strategist, discusses the Fed’s dot plots, rate cut expectations, bond market risks, and equity market trends. Mowat points out that despite concerns like yield curve inversion, the market has shown resilience due to strong economic data and a broadening global equity market. He emphasizes the importance of analyzing the dot plots from the Fed, which are projecting higher rates for this year, next year, and into 2026. Mowat also highlights the risk coming from the bond market, particularly the inverted yield curve. He concludes by stating that the equity market trend is likely to continue moving higher, unless there is a selloff in bonds.