Third-quarter capital markets playbook – Andrei Bruno

In this episode, we are joined once again by Director of ETFs, Andrei Bruno, to discuss the current third quarter in capital markets. Andrei provides valuable insights into the latest data, market trends, and investment strategies to navigate the current economic landscape. He starts by highlighting the importance of retail sales and inflation numbers this past week. H examines both US and Canadian data, noting a slight uptick in unemployment, but nothing concerning at this stage. He also touches on the divergence in market flows, and how each countries yield curves are looking. When asked about buffer ETFs, Andrei acknowledges that they haven’t gained a tremendous amount of traction. He explains that in a scenario where markets decline significantly, buffer ETFs are likely to outperform, offering a level of protection for investors. He then discusses the role of nuclear power in supporting the new, developing, AI ecosystem. He argues that nuclear power is essential for meeting increased energy demand while minimizing gas emissions, emphasizing its importance beyond just AI. Andrei closes off by sharing his cautious optimism about equity markets for the second half of the year, predicting that the US will not enter a recession this year, with these risks instead being pushed to 2025. He also answers questions regarding international equity exposure, the concept of deflation in markets, and future investments.

 

Recorded on July 2^nd, 2024

 

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