Penny Foley

Lori Calvasina, Chief US Equity Strategist at RBC Capital Markets, discusses the outlook for equities and how President Trump’s tariff pauses have impacted market sentiment. She highlights expected volatility and offers insights into S&P 500 targets. Penny Foley, Portfolio Manager at TCW Emerging Markets, shares her thoughts on the challenges emerging markets face amid uncertain US policies. They delve into the implications of a weaker dollar and how tariffs influence global trade, making for a captivating conversation on economic dynamics.

Penny Foley, MD of EM at TCW, and Damian Sassower discuss EM carry, election risks, foreign positioning, growth dynamics, and central-bank policies in the changing EM landscape. They explore EM sovereign stories, idiosyncratic carry strategies in Asia, Latin America, and Eastern Europe, EM corporates, and recent election outcomes in South Africa and Mexico.