Joining us today is Portfolio Manager David Tulk, to discuss the resilience of the current market, whether it will last, and any implications for asset allocation going forward. David explains to host Pamela Ritchie that central banks are continuing to figure out how tight monetary policy needs to be to get inflation back down to a level they’re comfortable with. He points out that economies have proven more resilient than what central banks would have thought, and emphasizes that we aren’t out of the woods yet in terms of interest rate hikes. As interest rates have gone up, David also says he is surprised we haven’t seen more weakness in the housing market and predicts that mortgage pressure will be very acute over the next couple of years.

Recorded on July 4, 2023.

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