Equity Mates Investing Podcast Why markets are ripping despite all the risks - Lukasz de Pourbaix | Fidelity
9 snips
May 29, 2025 Lukasz de Pourbaix, Head of Strategic Solutions at Fidelity, delves into the surprising resilience of stock markets amidst troubling economic data. He discusses the disconnect between market recovery and indicators like declining container volumes and trade tensions. The conversation covers macro forces impacting investments, the demographic challenges of aging populations versus opportunities in younger markets like India, and the importance of effective portfolio diversification in uncertain times.
AI Snips
Chapters
Transcript
Episode notes
Market's Rebound Driven by Hope
- The stock market's rebound after 'Liberation Day' was driven by hope more than economic reality.
- Uncertainty dominates markets as investors await clearer data on trade and consumer health.
Tariffs and Consumer Health Key
- Key macro forces include tariffs affecting global trade and consumer strength, especially outside the top 20% wealth bracket.
- A weakening consumer and global trade softness could lead to job impacts and recession risk.
US-China Trade Shift but Intertwined
- US-China trade relationship is shifting with reconfiguration of trade routes and rising competition, but economies remain intertwined.
- China’s market shows resilience and opportunities exist in quality companies despite broader challenges.