LGT Capital Partners' Kumada on Markets

The video discusses the current earnings season, highlighting mixed performance across sectors, with consumer discretionary doing well and tech facing declines. It aligns with the 'rolling recession' theme, where some sectors struggle but overall growth continues. The US economy remains strong, as indicated by surprising retail sales figures, suggesting the Fed may lean hawkish. Investment strategies are discussed, with a focus on fixed income and equities, and the management of currency exposure in light of global economic conditions.

What is the overall theme of the current earnings season as discussed in the video?

• A booming tech sector

• A rolling recession with mixed sector performance

• A stagnant consumer market

• A complete economic downturn

How does the recent retail sales data influence expectations about the Federal Reserve's actions?

• It indicates a potential hawkish surprise from the Fed

• It suggests a likely decrease in interest rates

• It confirms a pivot towards a dovish stance

• It has no impact on Fed's decisions

What is the current stance on fixed income and equities according to the video?

• Overweight in both fixed income and equities

• Underweight in fixed income and neutral in equities

• Neutral in both fixed income and equities

• Overweight in equities and underweight in fixed income

How is the currency exposure being managed in light of recent ECB comments?

• Focusing on emerging market currencies

• Aggressively increasing US dollar exposure

• Shifting entirely to Euro

• Maintaining a neutral stance

What is the expected behavior of the new BoJ governor regarding monetary policy?

• Likely to surprise on the hawkish side

• Expected to maintain a dovish stance

• Will aggressively change the yield curve

• Will focus on increasing interest rates