|BULLISH on GLOBAL STOCKS||GLOBAL||_N/A|
Markets. Borrowing costs are staying low for the foreseeable future because they are driven by inflation and we aren’t seeing it. Low interest rates are actually incentivizing people to save, contrary to what people would think. The rest of the world is cheaper than America. Growth rates are actually higher with multiples being lower. He looks for opportunities there. Emerging markets have been much better in the last 12 months than the last few years. With the US dollar stabling or weakening this bodes well for emerging markets. Trump tweets and speaks, but then does not act as he indicated.
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates