Looking back on the month of April, it was a tough time for many investors. Broadly, many stock market sectors broke their winning streak. Bonds didn’t fare any better as continued strong global economic data pressured long-term yields higher.

As the macro regime continues to unfold, Forstrong’s investment team continues to believe the world is transitioning toward an inflationary boom. Increased volatility is a key tenet of this shifting economic landscape. But the theme of broadening performance (away from the handful of US mega-cap stocks which carried markets last year) is alive and well. In April, commodity-sensitive exposures and emerging markets equities staged impressive rallies.

In this episode, Rob sits down with Forstrong Lead PM, David Kletz, to unpack these latest development. They also dive into why an improving outlook in emerging markets could lead to outsized returns this year.

Global Thinking Podcast

Forstrong Insights

Ask Forstrong: A Broadening Bull Market?

Forstrong Dashboard: Breaking Breadth

Forstrong 5 Minute Macro: A Broadening Bull Market?

Forstrong Rebalance Summary: Q2 2024

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US equities have taken center stage over the last few years and are touching all-time highs as consumers continue to show strength with healthy balance sheets and less sensitivity to higher interest rates. But is all this good news already priced in?

What may be surprising is that returns are no longer being powered primarily by the “Magnificent 7”. Instead, forgotten and unloved sectors are now witnessing a steady bid.

In this episode Rob sits with BMO’s Chief Investment Officer, Sadiq Adatia, to talk about their recent market outlook and why they believe a broadening market rally is in the cards for 2024. While high quality and financials in the US are in focus, gold and commodity-oriented equities could see a continuation of strength.

Global Thinking Podcast

Forstrong Insights

Ask Forstrong: A Broadening Bull Market?

Forstrong Dashboard: Breaking Breadth

Forstrong 5 Minute Macro: A Broadening Bull Market?

Forstrong Rebalance Summary: Q2 2024

Invest in Forstrong ETFs

Interest Rate Obsession: Are Markets Missing the Bigger Picture?

Markets have found a new obsession to dote upon: timing central bank rate cutes. Everywhere you look, interest rate expectations continue to dominate headlines and market narratives. Imminent recession fears have been replaced with questions on the timing and magnitude of interest rate cuts, but interest rates are only part of the story. The larger trend is the impressive resilience not only of the US economy but also in other parts of the world.

After pricing in up to 6 rate cuts to start the year investor expectations have quickly scaled back to 3. One could even wonder, are we actually in the “no landing” economy?

In this episode Rob sits down with Forstrong Lead PM, David Kletz, to talk about expectations on rate cuts and the possibility of a “Bull Steepening” on the yield curve. Additionally, they walk through Forstrong’s recent strategy changes and why they see greater opportunity in US mid-caps, Emerging Markets debt and Swedish equities.

For more information on our podcasts please visit: https://forstrong.com/podcast/

Forstrong Dashboard: Breaking Breadth

Ask Forstrong: A Broadening Bull Market?

Forstrong Global Insights