RHB's Jha Sees No More Fed Rate cuts In 2023

The video discusses recent changes in market expectations and the Federal Reserve's interest rate policies. It highlights the normalization of markets, particularly in fixed income and currency sectors, and the Fed's focus on reducing inflation. The speaker outlines investment strategies for 2023, emphasizing overweight equities and underweight cash. Risks and opportunities in global markets are explored, with a focus on the US, India, and Southeast Asia, while maintaining a bearish outlook on China.

What has been the recent shift in market expectations regarding the Federal Reserve's interest rate decisions?

• Markets align with the Fed's view of steady rates.

• Markets anticipate a rapid increase in rates.

• Markets foresee a recession-driven rate cut.

• Markets expect immediate rate cuts.

What was identified as mispriced in the market normalization process?

• Cryptocurrencies and bonds

• Real estate and gold

• Fixed income and currency markets

• Equities and commodities

What is the main focus of the Fed's intent in the market normalization process?

• Increasing employment

• Ensuring durable inflation reduction

• Boosting economic growth

• Reducing government debt

What is the recommended position in equities according to the 2023 market outlook?

• Underweight

• Overweight

• Neutral

• Avoid

Which currency is expected to show temporary strength in the first quarter?

• Euro

• Yen

• Dollar

• Pound

What is the geographical focus for investment according to the risk management strategy?

• US, India, and Southeast Asia

• Europe and Africa

• Australia and New Zealand

• China and Japan

What is the stance on Chinese equities as per the investment strategy?

• Bullish

• Aggressive

• Bearish

• Neutral