Virtual Brunch – Focus on the US Market in advance of the Presidential election
On Wednesday, October 14th, Jim Furey, Founder and Managing Partner, at Furey Research Partners, Andrew Garschagen, Partner and Portfolio Manager of Pembroke and Darren Marsh, Associate, client services of Pembroke shared their strategic insights regarding the US markets in general and smaller companies in particular.
1. Ignore the political rhetoric – focus on policy. And both Presidential candidates’ policy platforms appear market-friendly on balance;
2. Small-cap stocks are the cheapest relative to large-cap stock since the early 90s;
3. Considering the demographic factors impacting industrialized nations, we can expect low GDP growth, low inflation, low earnings growth and lower 10 year yields. Growth stocks tend to outperform value stocks in this environment.
To learn more, please view the recording here: