Feb 29, 2024
In this episode, Escala Partners CIO, Tracey McNaughton, makes the comparison to the 1990s tech boom and notes by comparison, the market is not that extended right now. AI is going deeper into the economy and broadening across more sectors of the equity market. The ingredients are there for the sustainability of this market rally.
(0:44) We are just about through with the US earnings season. What is the final take on the results?
(2:55) The share price moves have been staggering for Nvidia. It begs the question, is the stock overvalued?
(6:34) Comparisons are being made between this AI boom and past bubbles.
(10:58) Tracey, we often get asked by clients how can we position portfolios for geopolitical risk? How do you respond to that?
(14:43) Tracey, we had our Investment Committee meeting yesterday and one of the most interesting discussions was around the divergence opening up between the US and Australia. The economic data seems to be getting better in the US but remains very weak here.