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Episodes
Friday Aug 23, 2024
Friday Aug 23, 2024
Earnings estimates continue to rise. This rise in earnings combined with falling rates could be a good backdrop for equities, a few high valuations notwithstanding. Joining us to unpack the latest market action is Jurrien Timmer, Director of Global Macro. Jurrien speaks with host Pamela Ritchie about the risks and effects of a possible rotation out of mega caps stocks and how a gradual reduction in rates by the Fed could change the economic landscape. Expanding on his market insights, Jurrien says if we do get a rotation out of the Magnifcent 7, we could be in a “careful what you wish for scenario.” He says wherever big stocks go, people will follow. Jurrien says we’re coming to a normalization in the market in both directions since the pandemic and he believes we are not heading into a recession. Jurrien says yes, we need to stay vigilant and monitor market moves, but investors should also take this as an opportunity to rebalance and diversify their portfolios. You can also see Jurrien’s slides on X, formerly known as Twitter.
Recorded on August 19, 2024.
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