Hermann: Biggest Risk to EM If Recovery Delays

The video discusses the current state of the market, focusing on earnings surprises and market pressures. It highlights the 'prove it' mode investors are in, requiring tangible results rather than promises. The inflation debate is a key concern, especially in the US, with investors seeking assurance that inflation is temporary. Emerging markets face varied recovery challenges, with North Asia showing strength. The tech sector remains vital to the global economy, despite regulatory pressures, particularly in China. China's focus on stability and deleveraging is seen as a risk management strategy, not a threat to growth.

What factors are influencing investor expectations regarding earnings?

How does the inflation debate affect market performance according to the text?

What is the significance of vaccination rates in emerging markets as discussed in the text?

Discuss the relationship between technology stocks and the reopening of economies.

What are the implications of China's deleveraging campaign on its economic growth?