Perspectives: Episode 79 – “So it is possible for tech to disappoint”

<p><span style= "font-size: 12pt; font-family: arial, helvetica, sans-serif;">In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on why the probability of a recession is higher in Australia than the US; what the greatest risk is for investors; and why royalties funds may get a boost from AI.</span></p> <p> </p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(1:23) - It doesn’t seem that long ago that we were talking about a US recession and the need for rate cuts. That kind of talk has faded significantly hasn’t it?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(4:52) - The US Federal Reserve is meeting this week with an announcement due Thursday morning our time. The market is expecting ‘one and done’ at this meeting, what are your thoughts?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(5:42) - The fund managers surveyed say the biggest tail risk right now is high inflation forcing the Federal Reserve to remain in restrictive territory damaging the economy in the process.</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(7:37) - Speaking of fund managers, you and the CIO team are in the middle of Heat Week. Any insights so far?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(12:20) - Turning to Australia, what are our fund managers saying about the outlook here?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(14:14) - Finally, earnings season is underway in the US. Are companies feeling the heat from the rate rises over the last 15 months?</span></p>