HSBC's Kettner Sees 'Powerful' First-Half US Market Rally

The video discusses the market outlook, emphasizing an overweight position in equities, particularly in the US. It highlights the supportive policy backdrop, including potential changes in quantitative tightening and fiscal policies. The transcript also covers revisions to consumer income, suggesting a stronger economic position than previously thought. The speaker challenges the consensus on GDP growth and earnings expectations, suggesting a more optimistic view.

What is the expected growth percentage for equities in the first half of the year?

• 3-4%

• 1-2%

• 5-10%

• 11-15%

What is the anticipated change in fiscal spending according to the policy backdrop?

• Decrease in spending

• Significant increase in spending

• Complete halt in spending

• Same or more spending

How much higher was the real disposable income revised for US households?

• 600 billion

• 800 billion

• 500 billion

• 700 billion

What is the revised estimate of US GDP growth in the first half according to the consensus?

• 1.3-1.5%

• 1.7-1.8%

• 2.0-2.2%

• 1.0-1.2%

What is the narrator's opinion on the consensus view of US GDP growth?

• Irrelevant

• Accurate

• Too pessimistic

• Too optimistic