Phil Orlando and Nancy Curtin discuss market outlook and recession call. Reginald DesRoches talks about higher education and student loans. Ed Price shares insights on the war in Ukraine. Ivana Delevska talks about investing strategies.
The technology sector, particularly hardware investments, is expected to drive future growth and benefit companies like Nvidia.
Nvidia's improving fundamentals and relatively cheap valuation metrics make it attractive to value investors.
There are three layers of AI opportunities: hardware, data, and application layers, with the most uncertainty and potential winners and losers in the application layer.
Deep dives
Hardware Investments Driving Technology
Spear Invest, a B2B technology-focused asset manager, believes that the technology sector is at the bottom of the cycle and that hardware investments will drive future growth. They see a significant data center investment cycle ahead, which will benefit companies like Nvidia.
Nvidia Positioned for Value Investors
Spear Invest believes that Nvidia, despite its growth-oriented reputation, will attract value investors due to its improving fundamentals and relatively cheap valuation metrics.
Layers of AI Opportunities
Spear Invest identifies three layers of AI opportunities: the hardware layer (companies like Nvidia and AMD), the data layer (software companies offering data-related services), and the application layer (companies offering AI applications to businesses and consumers). They see the most uncertainty and potential winners and losers in the application layer.
Concerns about Conference Realignment in Collegiate Athletics
There is growing concern about conference realignment in collegiate athletics, but many believe that intercollegiate athletics is an important part of universities. Despite the challenges the industry is currently facing, there is continued support for student athletes who excel both in sports and academics.
Rates as the Driver of the Fed Tightening Cycle
It is believed that rates will ultimately determine the outcome of the current Fed tightening cycle. Historical data shows that most Fed tightening cycles have resulted in a recession. With the Fed currently focused on fighting inflation, the timing of the recession remains uncertain. The tightening of monetary policy conditions, particularly rates, is expected to have a significant impact on the macroeconomic environment.
Phil Orlando, Chief Equity Strategist at Federated Hermes, joins to discuss the outlook for markets and the Fed and gives his recession call. Nancy Curtin, Partner and Global CIO/Head of Investment Advisory at AlTi Tiedemann Global, discusses her outlook for markets in the US and globally and if the US can avoid recession. Reginald DesRoches, President of Rice University, joins to discuss higher education, student loans, acceptance rates, and other issues involving American universities. Matt Stucky, Senior Portfolio Manager at Northwestern Mutual, joins to discuss his market outlook and sectors he likes for the rest of 2023. Ed Price, Senior Fellow at NYU and Principal at Ergo, joins to talk about the war in Ukraine and geopolitical risks. Ivana Delevska, founder and CIO at Spear Invest, joins to talk about investing strategies and outlook for markets. Amanda Rebello, Head of Xtrackers Sales, US Onshore at DWS Group, joins to give her market analysis and her role at DWS.
Hosted by John Tucker, Bailey Lipschultz and Carol Massar.
