Stocks Are Richly-Priced & The Economy Is Late-Stage, So 'Selectivity' Is Key | Cameron Dawson

Passive investing may be a poor strategy for 2024

By many calculations, the stock market has returned to rich valuations.

Following one of the best Novembers in market history and now juiced by fresh optimism for rate cuts -- now 3 of them -- in 2024, how valid are concerns that stocks are becoming increasingly overpriced and a pullback is warranted?

To find out, we have the good fortune to talk today with Cameron Dawson, Chief Investment Officer at NewEdge Wealth.

Cameron is concerned that stocks (and bonds) have moved “very far, very fast” to the upside. Combine that with the economy being in a “late-stage” cycle (e.g., slowing down) and today’s high-flying assets are at risk of a material pullback.

As a result, she counsels “selectivity” — i.e., highly targeted asset management — will be a key success factor for investors in 2024.

This is the first time I’ve interviewed Cameron and I really enjoyed her clear command of economic and market dynamics & her disciplined investing framework. She’s an obvious rising star and I predict you’ll enjoy this discussion if not already familiar with her analysis.

To watch my discussion with her, just click here or on the image below:

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