U.S. Earnings Likely to Contract 10% in 2023: Citi Private Bank

The video discusses the potential for an earnings recession due to the Fed's tightening, with layoffs in tech and finance sectors impacting consumer demand. It highlights market reactions to earnings reports and employment trends, noting the ongoing effects of financial conditions. The discussion shifts to China's economic outlook, considering the impact of COVID policies and the timing of investments as China leads in recovery. Finally, it addresses investor sentiment, suggesting caution in the near-term outlook due to unreflected economic changes.

What are the expectations regarding China's economic recovery and its impact on global markets?

How has the political landscape in China shifted regarding COVID-19 policies?

What should long-term investors focus on in the current economic climate?