According Janet Mui, CFA Global Economist Schroders the current record levels for many stock indices could mean the optimism about the Chinese - US trade deal is already discounted in the markets. Despite the risen stock prices Mui thinks stocks are still less overvalued than bonds. Mui's base regarding to the interest rates that they will stay long for the foreseeable future. A lower global growth is one of her reasons for this estimate. Despite the low or even negative interest rates Mui doesn't expect many bubbles to be created in most of the financial markets.