Small Underweight in Equities: JPMorgan AM's Sheng

The video discusses the current state of the market, highlighting a cautious stance on risk assets, particularly in the US, while being more optimistic about China and Europe. It examines the US labor market's impact on inflation and economic outlook, suggesting that the Fed's rate hikes may be nearing an end. The video also explores investment opportunities in China and other emerging markets, emphasizing the potential for growth and favorable policies.

What is the current stance on US large-cap equities according to the video?

• Overbought

• Neutral

• Underweight

• Overweight

What is considered the key question for the US economy this year?

• Corporate earnings

• Interest rates

• Labor market dynamics

• Trade balance

What risk is still present despite changing market expectations?

• Currency devaluation

• A tight labor market leading to inflation

• Deflation

• Trade wars

What is the outlook for the Chinese economy according to the video?

• Recovering with favorable growth dynamics

• Declining

• Stagnant

• Overheating

Where might there be more opportunities as the year progresses?

• Developed markets

• Emerging markets

• Real estate

• Cryptocurrencies