VGSH - What We're Watching In 2024 Elections
2024-06-10 16:10:00 ET
Summary
- We stay overweight U.S. stocks ahead of the election, yet are cautious on bonds given the fiscal outlook. We focus on long-term positives in India and Mexico.
- U.S. stocks notched fresh highs last week and are up nearly 13% this year. The Bank of Canada and European Central Bank cut interest rates, as most expected.
- All eyes are on the Federal Reserve meeting this week. We see the Fed on hold in coming months even as other central banks start to trim policy rates.
Transcript
Globally, over half the population is voting this year!
Voters are expressing frustration about many issues, but notably the rising cost of living. We don't see incumbent leaders or challengers offering bold solutions - and high public debt somewhat ties their hands....
What We're Watching In 2024 Elections