UBP PB's Villamin: 'Cautious' on China Stocks; Gold 'Attractive'

The video discusses a cautious approach to Chinese stocks due to ongoing negotiations and potential market stress. It evaluates U.S. stocks, noting that earnings expectations for 2020 may be too high, suggesting they are overvalued. The speaker emphasizes investment strategies focusing on long-short hedge funds and capital preservation, particularly in precious metals like gold. Finally, the video highlights market blind spots, urging attention to 2020 earnings and tighter global financial conditions.

What does the speaker suggest is not a time to do in the current market conditions?

What are the two main points the speaker believes investors should focus on?