2020 Earnings Growth Forecasts Overly Optimistic: UBP's Jolidon

The video discusses the current state of the equity market, highlighting the strong performance in 2019 due to multiple expansions despite earnings downgrades. It examines the optimistic earnings growth projections for 2019 and 2020, particularly in sectors like energy and materials, and suggests potential for multiple compression. The discussion also touches on the influence of central banks and political factors on market multiples, emphasizing the preference for decisions based on equity fundamentals.

What is the speaker's preference regarding decision-making in equity fundamentals?

What does the speaker suggest is more dependent on central banks?