Top picks from Ross Healy, chairman of strategic analysis corporation and senior portfolio manager at MacNicol & Associates Asset Management: Alamos Gold, Peyton Exploration, BCE
Ross Healy, chairman of the Strategic Analysis Corporation, and portfolio manager at MacNicol & Associates Asset Management discusses his outlook for the markets.Most economists assume that things are settling back down into some sort of dull roar, with inflation easing and interest rates retreating. But rising prices are not the cause of inflation these days, they are a symptom of it, and generally rising inflation and interest rates are going to be with us for some time.
In the stock market, the AI-fuelled bull run continues, although I note some cracks are starting to appear as valuations are getting very rich. The Nasdaq 100 is less than two per cent away from the peak valuation that it reached just before the 2022 bear market. We have similar levels of euphoria as we did during that time with analysts almost tripping over themselves to raise price targets for some of the biggest names. This sentiment isn’t without merit as, so far, it looks like the U.S.
Ross Healy, chairman of the Strategic Analysis Corporation, and portfolio manager at MacNicol & Associates Asset Management discusses his top picks: Alamos Gold, Peyton Exploration and Development, and BCE.With a weak currency likely, and inflation not vanishing but persistent, precious metals should be a cornerstone of all portfolios. I like AGI for its strong fundamentals, growing high-quality reserves, and excellent management.
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