S&P Ends May With 3rd Straight Monthly Gain

The video discusses the current position of the dollar and its impact on global markets, particularly equities. It highlights the limited upside for US equities due to challenging fundamentals and earnings contractions. The discussion includes forecasts for US earnings, with expectations of a negative Q2 and a challenging Q3, but potential positive surprises in Q4. The video concludes with investment strategies, suggesting a rotation towards value stocks and emerging markets, given the high multiples in the US market.

What is the expected outlook for earnings in the second half of the year?

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What advice is given for expressing a view of 5% downside on the S&P 500?

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