Portfolio Manager Hugo Lavallée joins us today to share his unique perspective on navigating the current market. Hugo discusses the impact of recent interest rate cuts on consumers. While some relief is on the horizon, he notes that it’s coming slowly due to concerns over reigniting inflation. Hugo talks about the importance of time in his investment strategy. He emphasizes the value of patience in a market obsessed with immediate results. Hugo reflects on how his investment style has evolved over the past decade from quick trades to a more deliberate, long-term focus.   With inflation cutting into purchasing power and interest rate pushing borrowing costs higher, Hugo is particularly focused on consumer discretionary stocks. Despite recent struggles, Hugo believes in the underlying strength of these businesses, and sees potential amidst the current market discrepancies.

Recorded on September 4, 2024.

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