Goldman Sees Looming Correction

The video discusses an expert's views on the potential short-term correction in the stock market due to the coronavirus impact on earnings, particularly in Europe. Despite the short-term challenges, the expert believes in a supportive long-term economic cycle, indicating no bear market. The discussion highlights the spillover effects of the coronavirus, especially on global tourism and European earnings, due to their exposure to Asia.

Why is Europe considered more exposed to the earnings problem compared to the US?

What is the long-term outlook for the economy despite the short-term correction?