Friday Aug 02, 2024
With inflation cooling, a dovish Federal Reserve, and resilient growth, the US economy is exhibiting classic 'Goldilocks' conditions - neither too hot, nor too cold - but just right. And today's guest is seizing this opportunity. Joining the show today to discuss where he's finding opportunity in the US and beyond, including where we are in the business cycle and what that means for portfolio construction ideas is Fidelity US Vice President and Lead Portfolio Strategist Paul Ma. Paul gives the audience and host Pamela Ritchie an overview of the US economy and market conditions, and outlines a favorable environment of solid fundamentals, including strong GDP growth and lower inflation. He emphasizes the potential of small-cap stocks, noting their undervaluation compared to large-cap stocks, though he cautions that small-cap stocks are more vulnerable to economic fluctuations and high interest rates. He also discusses global market dynamics, focusing on India's economic growth amidst geopolitical tensions and trade shifts. Paul explains his approach of balancing investments between small and large-cap stocks while keeping an eye on global developments and inflation trends, and how this could help investors.
Recorded on July 31st, 2024.
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