Mike Philbrick's Top Picks: May 23, 2023
BNN Bloomberg
Top picks from Mike Philbrick, chief executive officer, ReSolve Asset Management
FOCUS: Exchange-traded funds
MARKET OUTLOOK:
The global economy is currently facing a complex intersection of macroeconomic headwinds and technology tailwinds, which has given rise to two major themes in today's investor zeitgeist. As globalization, automation, and other macroeconomic forces continue to shape our world, technology advancements, particularly in artificial intelligence, promise transformative impact across industries. However, amid this interplay, increased inflation volatility emerges as a critical factor, leading to heightened asset price volatility and dynamic changes in the investment landscape that may limit the potential actions of central banks.