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Episodes
Friday May 31, 2024
Friday May 31, 2024
Today on the show, long-time institutional portfolio manager Mike Hickey discusses the current market environment, possible Fed rate cuts, and what investment opportunities he’s keeping an eye on at the moment. Mike emphasizes the influence and importance of AI or artificial intelligence. He believes major tech companies will invest in AI infrastructure that will hit the $200 billion mark next year. Mike says our current economic conditions are looking favorable - inflation is decreasing, job numbers are steady, signaling a strong market similar to that of the late nineties. He says the outlook is bullish with substantial growth in sectors supporting AI. Mike says the team continues to stay disciplined focusing on companies with robust earnings, revenue, and market advantages particularly in tech. They are focusing on energy and industrial sectors as well.
Recorded on May 15, 2024.
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