Earnings Estimates Are Too High: Principal Global's Shah

The video discusses the focus on CPI and recent Fed news, highlighting their importance for upcoming trading. It emphasizes the high earnings estimates and the potential for economic weakness to impact the equity market. The discussion suggests a defensive market strategy, particularly in the US market, and considers the value of high-quality products and fixed income investments.

What is the main focus of the discussion regarding the CPI?

How does the speaker view the earnings estimates for the next year?

What factors are contributing to the current market conditions according to the speaker?

What is the speaker's stance on the US market's valuation?

What investment strategy does the speaker suggest for 2023?