Emerging Markets Is the Opportunity Here, Says HSBC's Laidler

The video discusses the current state of the US and global markets, highlighting the broader earnings story beyond tech, with financials being a major driver. It notes the US market's 25% earnings growth and reduced valuations, suggesting continued support. The discussion shifts to emerging markets, which have underperformed but present opportunities due to low valuations and potential growth. The speaker suggests a balanced approach to investing in both US and emerging markets, considering different risk profiles and potential earnings growth.

What is identified as the biggest driver of earnings in the US market this year?

• Healthcare

• Technology

• Financials

• Consumer Goods

Why have emerging markets been shifted from neutral to overweight?

• Due to a decrease in US market performance

• Because of increased policy flexibility in China

• As a result of higher commodity prices

• Due to a significant increase in tech sector growth

What is the current investor sentiment towards emerging markets?

• Overweight for the first time in a decade

• Neutral for the first time in five years

• Underweight for the first time in five years

• Overweight for the first time in five years

What is the expected earnings growth for the US market next year?

• 11-12%

• 9-10%

• 7-8%

• 5-6%

What is the nature of the US market's overweight position?

• Aggressive with high risk

• Defensive with high earnings visibility

• Speculative with low earnings visibility

• Neutral with moderate risk