In this episode, Escala Partners CIO, Tracey McNaughton, presents the case for why this rally in the US equity market could go further, at least in the near term. For disciplined investors, however, the advice from Charlie Munger should be heeded: "The big money is not in the buying and selling, but in the waiting".
(0:58) - It seems the bear market is officially over and a new bull market has begun.
(2:42) - You have a sell signal on the US market for valuation reasons but a buy signal on the basis of sentiment and momentum.
(4:45) - Can a case be made for why equities could push higher from here?
(6:40) - What could that catalyst be?
(8:51) - Where do you and the team sit?
(11:10) - What about inflation? Would a faster decline in inflation also be a catalyst?
(13:08) - You talked earlier about evidence that higher interest rates are starting to bite into activity globally.
