Keith Fitz-Gerald, principal of the Fitz-Gerald Group, shares his macro view of the world and the five big picture lenses through which he sees the world.

He believes that investing in optimism and knowing where the world is going is better than trying to be right at specific moments in time. He emphasizes the importance of focusing on companies that have great demand for their products and services and can change consumer behavior. Keith also discusses the role of the Fed and the importance of investing in optimism rather than trying to second-guess the unpredictable actions of the Fed.

Link: https://www.keithfitz-gerald.com/

00:00 Introduction and welcome Keith to the show

0:53 Simple is better

1:50 The five Ds

2:50 Does the Fed matter? 

5:30 The AI Opportunity and Changing the World

8:22 Keith Fitz-Gerald’s S&P 4750 target in 2023 

10:50 Buying right now — chaos creates opportunity 

13:00 History doesn’t repeat, but it rhymes 

14:00 Geopolitics and markets 

15:55 When in doubt, zoom out 

17:13 Portfolio construction 

19:03 Took out S&P 500 price target, 5500-5600 may be next stop

20:20 The Fed needs to stay on sidelines 

22:40 Are markets healthy? 

26:00 Outlook for the U.S. 

26:50 Gold 

29:20 Parting thoughts