Here's your summary from Citi’s Kaiser Warns of Economic Risk to US Stock Rally (https://www.youtube.com/watch?v=s_AjkCgwM9c) on the Bloomberg Television channel:
### TLDR:
Citi's Kaiser warns of economic risk to US stock rally due to weakening data and narrow window for lower yields to help.
### Key Points:
1. The uber bull case is a soft landing for the economy with insurance cuts, but market may still get spooked as payrolls decelerate.
2. Risk-reward field is currently as bad as it has been in the last 12 months, with broader weakness in economic data and negative economic surprises.
3. Despite the base case still being positive, there is some discomfort due to the combination of broader weakness and S&P at all-time highs.
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