iA CONNECTED

"As if the risk of continued high inflation, a potential recession in late 2023 and the U.S regional bank crisis were not enough, another risk came to the fore, namely the U.S debt ceiling.” — Marc Gagnon & Maxime Houde, iAGAM

“In late May, NVIDIA briefly entered the trillion-dollar market capitalization club, joining esteemed peers such as Apple, Meta, Amazon and Microsoft.” — Maxime Houde, iAGAM

“The economic downturn is slow to materialize, but we think it could arrive in late 2023, when it may become appropriate to add more risk to the portfolio.” — Donny Moss, iAGAM

“We are maintaining our overweight in quality credits, although we are closely monitoring the onset of any recession-related widening.” — Alexandre Morin, iAGAM

In both Canada and the US, the information technology sector was the best performer in May, driven in part by significant investor optimism towards advances in artificial intelligence technology.

"This month, we use backward thinking as a mental model to answer a simple yet crucial question: How convinced are we that Canada or the United States will see a recession in the coming 2 years?”

— Sébastien Mc Mahon, Adil Mahroug & Tuyen Tran, iAGAM