July 12, 2023 – Chief Investment Officer, Stuart Katz appeared on Will Koulouris CNBC Street Signs Asia to discuss volatility in domestic markets and what opportunities the emerging markets hold. “I think the reality is that you have a resilient U.S. economy and the markets have year to date ignored the idea that long duration equities have a discount rate, and the discount rate doesn’t seem to matter because it’s been overwhelmed by the AI catalyst,” says Katz. “The markets are starting to think a little harder as rates will likely stay higher for longer given the resilient labor market. And that gravitational pull of a higher cost of capital and a higher discount rate is being reflected in the near term.” Watch more here: https://tinyurl.com/bdeueaej
