Mohamed El-Erian on U.S. economic growth: 'Engine is getting weaker'

• Policy risk is heightened, with market views split between 'buy the dip' and a 'bumpy journey to a new world' of fragmentation.
• Concerns about long-term decoupling of sovereign and corporate assets, potentially leading to less global overweighting of US assets.
• The US economic 'engine is getting weaker,' despite current strong growth and impressive company performance.

Mohamed El-Erian discusses heightened policy risk and two contrasting market views: one of temporary 'resets' and another of a 'bumpy journey to a new world.' He expresses long-term concern about global fragmentation, the decoupling of sovereign and corporate assets, and a weakening US economic engine.