Equity Market Could Be in for Some Trouble, Says Saxo Capital Markets’s Creagh

The video discusses the current state of the equity market, highlighting profit-taking trends and the impact of multiple expansions, particularly in Australia. It addresses the challenges in earnings forecasts due to trade tensions and slowing growth in China and the US. The Federal Reserve's potential rate cuts are examined, with a focus on global uncertainties and economic data. The video also explores global economic concerns, including tariffs and the manufacturing sector's decline, and the role of central banks in addressing these issues.

What has primarily driven the year-to-date rally in the equity market?

• Multiple expansion

• Profit-taking

• Trade tensions

• Chinese growth

What is a potential issue for analysts regarding earnings estimates?

• Overestimation of trade tensions

• Forecasting a V-shaped recovery

• Underestimation of US growth

• Ignoring Chinese growth

What is the general expectation for the Federal Reserve's action in September?

• Cut interest rates

• Maintain current rates

• Introduce new tariffs

• Increase interest rates

What factor could potentially alter the Federal Reserve's easing path?

• An increase in trade tensions

• A stable manufacturing sector

• A decrease in global uncertainties

• A significant rise in inflationary pressures

What sector is beginning to show signs of being affected by the manufacturing downturn?

• Services sector

• Technology sector

• Energy sector

• Agricultural sector