We Are Getting Close to the End of This Rally, Says Daiwa Capital’s Kitney

The video discusses the potential impact of market sentiment, particularly in China, and the economic cycle's current state. It highlights Korea's economic indicators as a bellwether for global trade, noting a significant downturn. The discussion shifts to the market rally's potential end and the future economic outlook, emphasizing the limitations of monetary and fiscal policies. The video concludes with an analysis of the economic cycle's four pillars, including the long expansion period, tax cuts' effects, and policy inflexibility.

What is the potential impact of a positive sentiment in mainland China?

• Stability in the Korean economy

• Increase in A shares driven by sentiment

• Rise in fiscal policy flexibility

• Decrease in global trade

What is the significance of Korea's recent economic data?

• It highlights Korea's exposure due to a trade deficit

• It shows a surplus in trade balance

• It suggests a rise in GDP growth

• It indicates a strong domestic demand

What was the focus of the roadmap created last November?

• A bearish outlook on equities

• A bullish outlook on equities

• A focus on 2021 earnings

• An emphasis on trade wars

According to Morgan Stanley, what is the expected downside for the S&P?

• 15%

• 10%

• 5%

• 20%

What is one of the pillars of the economic cycle rolling over?

• Short economic expansion

• Increase in tax cut effects

• Lack of policy flexibility

• Strong trade agreements