HSBC Strategist Kettner Says 'Only Way Is Up' for Equities

The video discusses the importance of sequencing in market analysis, highlighting a strong consensus on pessimistic growth expectations. It examines market pricing, comparing equities, rates, and fixed income, and suggests that while growth is not expected to be extremely positive, it won't be as negative as feared. The discussion also touches on the potential for risk assets to rise with minimal positive surprises and considers the impact of inflation in the latter half of the year.

What does the speaker suggest about the relationship between growth expectations and market pricing?

What potential changes does the speaker foresee in the second half of the year regarding inflation?