Markets have been doing pretty well lately, but what's in store for 2024? Hugo Ste-Marie is our guest. He is the Director of Portfolio and Quantitative Strategy in Equity Research at Scotiabank and he provides advice to global institutional investors, but his insights will be of interest to investors of all kinds. This episode he'll tell us what the markets might look like in the year ahead, where there may be some opportunities, what a ‘perfect soft landing’ is — and whether we may see one — and much more.
Key moments this episode:
00:57 — Some context around Hugo’s insights
1:30 — The big conclusions about where the economy is potentially headed in 2024
3:16 — Why the US Federal Reserve is a focal point when looking at the global economy
1:45 — Recap around what the Canadian and US economies looked like at the end of 2023
6:22 — Why 2023 ended with some optimism
7:08 — What is a ‘perfect soft landing’?
9:35 — What are the prospects for volatility in 2024?
10:30 — Where are there some potential opportunities as we look ahead at the year?
12:00 — What are small cap vs large cap equities and how to best leverage them
14:42 — Are there places geographically that show a more positive outlook?
15:32 — Hugo sums up his take on 2024