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 are the implications of the economic cycle starting to roll over?

How does the global economy's slowdown affect countries like Korea?

What factors contribute to the expectation of a 10% downside in the SMP according to Morgan Stanley?

What are the four pillars mentioned that indicate the economic cycle is rolling over?

Discuss the significance of the tax cuts' residual effects on economic data.