Earnings Estimates Are Too High: Principal Global's Shah

The video discusses the focus on CPI and recent Fed news, highlighting their importance for upcoming trading. It emphasizes the high earnings estimates and the potential for economic weakness to impact the equity market. The discussion suggests a defensive market strategy, particularly in the US market, and considers the value of high-quality products and fixed income investments.

What is the primary focus of this week's market discussion?

• International trade

• Cryptocurrency trends

• CPI and Fed news

• Earnings reports

What has been a significant trend in the market this year?

• Valuation expansion

• Valuation compression

• Stable interest rates

• Increased consumer spending

What is expected to be a major factor in the equity market downturn?

• Increased consumer confidence

• Earnings weakness

• Strong economic growth

• Rising inflation

What stance is recommended for 2023 in terms of market strategy?

• Defensive

• High-risk investments

• Cryptocurrency focus

• Aggressive growth

Which type of investment is emphasized as important in the current market climate?

• Real estate

• High-risk stocks

• Fixed income

• Cryptocurrencies