Principal Global Favors U.S. Stocks, 'Overweight' South Korea

The video discusses the current state of the market, highlighting that it appears overheated and may face a correction. Despite this, positive returns are expected in 2020, though not as high as in 2019. The US equity market is favored due to strong earnings and stock buybacks, while emerging markets in Asia, particularly China and Korea, are also seen as promising. The technology sector is analyzed, noting its significant stock buybacks and potential for growth. The outlook for tech earnings is optimistic, with expectations of a recovery in cyclical sectors. The Korean market is examined, with a focus on DRAM prices and investment opportunities.

What is the significance of free cash flow for US equity markets?

What are the implications of the yield curve steepening for financial markets?

What is the current sentiment towards the Korean market and its earnings outlook?