Fed Will Hike Rates 4 Times in 2022: Nomura's McCafferty

The transcript discusses the anticipated Fed rate hikes and their potential impact on the stock market, particularly focusing on companies with high valuations. It contrasts the US market with the more insulated Asian markets, highlighting the influence of the PBOC in China. The discussion also covers the semiconductor industry, noting the valuation differences between US and Asian tech companies.

What is the expected number of rate hikes by the Federal Reserve this year?

• Two

• Three

• Five

• Four

Which companies are most vulnerable to increasing rates according to the discussion?

• Companies with high debt

• Companies with strong balance sheets

• Companies with aggressive valuations

• Companies with low cash flow

How does the PBOC differ from other central banks?

• It is a government agency

• It operates independently

• It focuses solely on inflation

• It has no influence on fiscal policy

What is a key priority for the Chinese government regarding its equity markets?

• Increasing foreign investment

• Maintaining social cohesion

• Reducing domestic ownership

• Focusing on export growth

What is notable about the valuations of tech companies in Asia compared to the US?

• They are higher in Asia

• They are more modest in Asia

• They are unpredictable in Asia

• They are the same in both regions