EWJ - Raymond James' Larry Adam On Possible Rate Cuts Averting Recession And What's Priced In

2024-07-10 12:00:00 ET

Summary

• Raymond James' Chief Investment Officer Larry Adam discusses the slowing economy and inflation coming down, suggesting a potential interest rate cut by the Fed.
• Bond and equity market uncertainty.
• Importance of focusing on lesser-known sectors for potential portfolio value. Highlighting international market, particularly Japan's green shoots.
• AI, breakdancing, and tech innovations; neutral on financials.

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Raymond James' Chief Investment Officer Larry Adam on what's already priced into the market and a slowing economy (0:40) Inflation coming down; Powell wanting more balance (2:15) Bond and equity market uncertainty (9:40). Neutral on financials; inverted yield curve (12:15). International markets; Japan green shoots (14:00). AI, breakdancing and tech innovations (18:45). Dividend growers and income (27:50)

Transcript

Rena Sherbill: Larry Adam from Raymond James, their Chief Investment Officer. Great to have you on Seeking Alpha. Great to have you on Investing Experts. Thanks for making the time. Thanks for joining us.

Larry Adam: Thank you so much for having me.

RS : It's great to have you. So talk to our audience about where you're coming from, how you quantify and qualify the markets, how you're thinking about things and what's informed your journey thus far and what continues to inform your investing style and strategy?

LA : Well, first of all, as the CIO, we always come out with our investment views, right? And we always have a saying here that if a tree falls in the woods and nobody hears it, did it make a sound? Well, we use the analogy that if the CIO makes a call and you can't understand it, remember it or invest in it, then did I really say anything?

Which you'll see from a lot of our work, we always try and tie some type of theme around it. And as an example, our most recent outlook that we put out, we tied it to the Summer Olympic Games....

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