Expect More Earnings Downgrades, Value Partners' Kelly Chung Says

The video discusses global GDP trends, highlighting negative growth in Korea and other countries. It explores the earnings season, noting market expectations of recession-like numbers and the importance of company guidance. The impact of fiscal and monetary stimulus is analyzed, with expectations of economic improvement in the second half of the year. The risks and benefits of reopening economies, particularly in the US, are weighed. Finally, the outlook for Japanese equities is examined, considering the impact of the Tokyo Olympics delay and weak consumption.

What are the challenges faced by companies in providing guidance during this economic season?

What impact does the delay in the Tokyo Olympics have on Japan's economy?

How do you interpret the expected recovery shape in the industrial sector?