"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
Key Takeaways:
- Macroeconomic data and inflation remained a focus.
- Increased fear of recession took cyclical sectors lower.
- The evolution of AI is faster and stronger than expected.
Marc Gagnon, M.Sc., CFA
Vice-President, Portfolio Manager,
North American Equities, iAGAM
Maxime Houde, CFA
Associate Director and Associate Portfolio Manager,
North American Equities and Thematic Investing, iAGAM
"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.
