CIBC Michael Sager, PhD: current state of global economy. 1. Cut interest is good for equity, 2: interest rate Fed may cut 130 bps starting Match, Canada will cut similar 130 bps starting June; but both will be careful overcut reignite inflation, so may cut 100 bps. Especially Canada should cut more than US Fed since our output is better for inflation, but Canada housing crisis, over cut will cause housing market
Over heating, so may cut similar this year 100 bps. 3. Canada over US exchange rate will a little weaker in 2024. 4. Your portfolio may add emerging market but not China since China stimulus plan will benefit a lot for countries who has close economic relationships with China such as Korea, India and Brazil.
总的来说如下：1。 利率大概今年会降100点1% 从6月份开始。2. 汇率对美元相对走弱。3. 降息对Equity 投资利好，最好在Portfolio 加上一部分emerge market，但最好是和中国经济密切的国家，因为中国大规模的经济刺激计划。
