US & China Liquidity To Keep Boosting Stocks From Here? | Jan van Eck
The biggest economies in the world are now cutting rates/adding liquidity
I often emphasize that the most useful people to interview are asset managers.
Because they don't have the luxury of merely having an opinion on the road ahead -- they have to commit capital to their convictions, and be judged upon the results.
Today we have the great fortune of having a second appearance of one of the most respected capital allocators in the business: Jan van Eck.
Jan is CEO of vanEck, an asset management firm with over $100 billion in assets under management invested across its wide family of ETFs and funds, spanning equity, bond, commodity, digital and regional asset classes.
As we did last quarter, Jan and I will spend the next hour discussing his latest macro and market outlooks, as well as where he sees the biggest opportunities for investors right now.
In short, Jan is quite bullish on many assets given the reality that the world’s largest economies — the US, China and the EU — are now all in easing mode.
FYI: the slide presentation Jan walks through in this interview is provided in the Adam’s Notes below for our premium subscribers.
To hear which assets Jan thinks will fare best in Q4, click here or on the video below:
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Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the new MacroPass rotation of reports from esteemed experts, plus periodic advance-viewing/exclusive content. My Adam’s Notes for this discussion with Jan are available to them below.
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Adam’s Notes: Jan van Eck (recorded 9.30.24)
EXECUTIVE SUMMARY:
Jan highlighted that the two largest economies, the U.S. and China, have started monetary and fiscal stimulus programs, which he believes will have a positive impact on financial markets. The U.S. has begun cutting interest rates, and China recently launched a large stimulus package, creating favorable conditions for international investments, emerging markets, and commodities.
He expects a divided U.S. government after the upcoming elections, which would likely result in limited fiscal policy changes, even with proposed tax cuts or spending increases. He cited predictions that Republicans have a 90% chance of winning the Senate, suggesting that regardless of which party wins the presidency, major further fiscal spending increases are unlikely, providing stability for markets.
Jan recommends reducing overweight positions in
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