Perspectives: Episode 79 – “So it is possible for tech to disappoint”

In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on why the probability of a recession is higher in Australia than the US; what the greatest risk is for investors; and why royalties funds may get a boost from AI.

 

(1:23) - It doesn’t seem that long ago that we were talking about a US recession and the need for rate cuts. That kind of talk has faded significantly hasn’t it?

(4:52) - The US Federal Reserve is meeting this week with an announcement due Thursday morning our time. The market is expecting ‘one and done’ at this meeting, what are your thoughts?

(5:42) - The fund managers surveyed say the biggest tail risk right now is high inflation forcing the Federal Reserve to remain in restrictive territory damaging the economy in the process.

(7:37) - Speaking of fund managers, you and the CIO team are in the middle of Heat Week. Any insights so far?

(12:20) - Turning to Australia, what are our fund managers saying about the outlook here?

(14:14) - Finally, earnings season is underway in the US. Are companies feeling the heat from the rate rises over the last 15 months?