Will discuss Asian economics w/ a focus on 2020 outlook, distilling b/n cyclical & structural trends, & sub-regional growth prospect.
Outlook in 2019: BAD NEWS = GOOD NEWS🤗
bloomberg.com/news/videos/20…
WHY? Good news PRICED IN. W/ this, u may not get the stimulus u need to roll over debt! 😬
What is the theme for 2020? GOOD NEWS PRICED IN. So how will markets react? Tune in (well, we wrote the report)!
HSI in 2019ytd +2.4%
HSI in 2019 +11%
HSI in 2018 -14.6%
HSI SINCE 2018 -3% 👈🏻👈🏻👈🏻 (so if u didn't take profit on Feb 2018 at super peak, after a massive 2017 year b/c of greed, u're -11.2% DOWN TODAY)
Yep, ask a manager their long-term performance not annual!