US Equities Have Priced in a Soft Landing: Chan

The video discusses the impact of interest rate hikes and persistent inflation on the US economy, predicting a potential recession. It analyzes the US equity market, suggesting that valuations may be overpriced and that a harder recession than expected could occur. The discussion extends to risk assets and credit spreads, highlighting the potential for emerging markets like China and India to appreciate. The video concludes with an optimistic view on China's market, anticipating government stimulus to support economic recovery.

What challenges does the speaker foresee for the developed markets moving forward?

What factors contribute to the optimistic view on China's market according to the speaker?