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Brendan Caldwell's Top Picks: December 29, 2023
BNN Bloomberg
Top picks from Brendan Caldwell, president, CEO and CIO, Caldwell Investment Management
FOCUS: North American large caps
MARKET OUTLOOK:
The market has done very well this year despite the elevated economic and geopolitical uncertainty. Better-than-expected earnings have supported the market’s positive momentum. The bullishness is likely stemming from the increased perception that the U.S. Federal Reserve has been able to suppress inflation, to a large extent, without causing a full-blown recession and therefore can start cutting interest rates. Labour markets remain strong and the gross domestic product is continuing to grow, diminishing the fear of a recession.
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