“Everything with the Fed, to me, is already priced into the market.” – 01:05
In this segment, Remy Blaire welcomes back Steve Alain Lawrence, the Chief Investment Officer at Balfour Capital Group, to discuss the current state of the markets following the recent Jackson Hole gathering. As we transition into September, we explore the implications of upcoming rate decisions, economic data, and tariffs on market performance.
Steve begins by noting that the market appears to be slightly overbought, predicting a potential pullback of about 3% in the next 30 days. We delve into the year-to-date performance and the impact of Federal Reserve actions, with Steve asserting that much of the Fed’s influence is already priced into the market. He emphasizes the importance of strategic buying and diversification for investors during market fluctuations.
The conversation shifts to the role of artificial intelligence in the market, particularly with NVIDIA’s upcoming earnings report. We discuss the government’s recent announcements, including the Trump administration’s decision to take a stake in Lockheed Martin, and Steve expresses his support for this move, suggesting it could benefit the public in the long run by potentially reducing the deficit.