Developed-Market Stocks, EM Bonds Favored: StanChart PB

The video discusses the 2020 outlook for equities and bonds, highlighting a preference for developed market equities and emerging market bonds due to a weaker dollar. Concerns about US equity valuations are addressed, with a focus on earnings recovery. The euro area is identified as a top pick, particularly its banks, which are undervalued. Catalysts such as ECB policy changes and a US-China trade truce are expected to unlock value in euro area banks. The video concludes with a discussion on valuation targets for these banks.

What regions does the speaker suggest having exposure to in equities for 2020?

What is the speaker's perspective on US equities and their valuations?

What is the expected earnings recovery percentage in the US for 2020 according to the speaker?

What catalysts does the speaker mention that could unlock value for euro area banks?

What is the long-term average price to book ratio that the speaker targets for euro area banks?