Denise Chisholm's sector and factor perspectives – March 28, 2024

Today on the show, we welcome Director of Quantitative Market Strategy Denise Chisholm. She brings her unique insights and perspectives on the sectors to watch in the global markets. Denise talks about the recent Baltimore Key Bridge Collapse may not be as significant as perceived in news headlines, despite the severity of the incident. For instance, while Baltimore has been a significant port for auto deliveries, most auto imports come from Mexico and Canada with available alternative ports in addition to that. Overall, this downplays the potential inflationary or economic growth impacts that are being speculated, estimating a relatively small effect on GDP growth. Denise also assesses current opportunities that she has found with regional banks, large banks, capital markets and brokers all showing considerable strength, apart from insurance companies. There is a bit more concern surrounding commercial real estate especially in terms of office exposure, although the risk-reward ratio might still turn out positive. Despite the changes in this sector, there are also potential opportunities in real estate ETFs.

Recorded on March 28, 2024.

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