Today on the show, we welcome Institutional Portfolio Manager Beau Coash. He discusses about the expectations surrounding inflation, the similarities and differences about Canada compared to the 2008 financial crisis in the United States, and much more.  Beau explains how the US was able to add over 150 thousand jobs than what was initially anticipated. Major reasons for this included the opportunity for selective security investment which notes stabilization in the “big seven” companies, as well as significant productivity improvement expectations from them. NVIDIA is currently highlighted for its potential influence in the semiconductor industry, and other companies within that space will make an impact with NVIDIA as its centrepiece. Beau speaks on how the Federal Reserve’s goal for inflation remains to get down to 2%, with the current progress to doing so being confusing. The Reserve prefers to use the Personal Consumption Expenditures inflation metric which currently indicates movement towards the 2% target, but the consumer price index hovers around 3.1 or 3.5%, a significantly higher figure.

Recorded on February 2, 2024.

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