We welcome back Denise Chisholm, sector strategist, for another instalment of her sector watch. Denise shares that the United States is currently leading with the amount of stimulus delivered, and based on that fact, will likely lead in terms of economic growth delivered. Denise also explains that she sees U.S. small caps being dominant in market leadership, based on relative valuation and growth data. Looking at emerging markets, Denise believes emerging markets have outperformed on the margin, and the risk/reward for EM relative to the market and other regions is negative. Denise explains that she believes the risk/reward for gold and silver is still positive. Also, focusing on specific sectors, energy and financials are continued to be viewed favourably by Denise.

Recorded on April 1, 2021.