The deputy CIO equity & head of research says from an economic outlook perspective, things are looking reasonably positive, the earnings outlook is healthy, and that the probability of recession in the US looks low
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Q. After a long time, markets have hit record highs and surprisingly, even the smaller stocks have been participating in the rally. Does it feel different than the last time the markets hit a record high in December?
Before we go to the markets, the economic outlook matters. From an economic outlook perspective, things are looking reasonably positive. We should see a healthy recovery in cyclicals. I think a good cycle of house building is taking place backed by development of urban infrastructure.
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