Portfolio manager Patrice Quirion shares his perspectives on global market valuations and opportunities for 2021. Patrice feels good about the market entering 2021. He’s a contrarian investor that focuses on out-of-favour areas like cyclicals, industrials and manufacturing types of businesses, and the prices are currently quite reasonable. Patrice thinks inflation is more of a concern for next year, but that it is coming; there is too much liquidity in the system, and we are positioned for a strong comeback. We also have pressure from minimum wages that will trickle in, loose interest rate and monetary conditions and the Central bank is in no rush to cool down the economy.
Recorded on February 3, 2021.