Emirates NBD's Gupta on US inflation and Fed Policy

The video discusses the current state of the market, highlighting the lack of a Fed pivot and the impact of China's reopening. It emphasizes the shift from inflation to corporate margins as key drivers of equity performance. The outlook for 2023 suggests flat earnings growth in developed markets, with potential in emerging markets like China and India. The video also explores the impact of China's economic policies and the importance of corporate insights in predicting economic trends.

What are the two catalysts mentioned for the market rallying?

• Cryptocurrency boom and tech stocks

• US elections and Brexit

• Fed pivot and China reopening

• Oil prices and gold prices

How is inflation expected to shift according to the discussion?

• From high to low

• From domestic to international

• From goods to services

• From services to goods

What is the expected earnings growth for the S&P 500 in 2023?

• Negative growth

• Flat growth

• High growth

• Moderate growth

What is the main concern regarding services inflation?

• It is sticky and persistent

• It is only a short-term issue

• It is decreasing rapidly

• It is not affecting wages

Which two emerging markets are highlighted for potential growth?

• Brazil and Russia

• China and India

• South Africa and Mexico

• Indonesia and Turkey

What role do corporate earnings play in understanding economic growth?

• They are only important in emerging markets

• They only affect small businesses

• They are a precursor to economic trends

• They are irrelevant

What is a key indicator of real economic conditions according to the discussion?

• International trade agreements

• Stock market indices

• Corporate guidance and actions

• Government policies