In this fascinating interview, Patrick Armstrong (CIO at Plurimi Wealth) takes me through his outlook for the capital markets, alongside highlighting some excellent investment ideas for the year ahead. Including:
2023 prospects. Start
Is the inverted US yield curve correct to price in a 2023 Fed pivot? 02:20
Will there be an economic hard landing & credit cycle? 04:45
Credit Suisse - bonds vs equity 06:50
Impact of Quantitative Tightening. 08:00
Energy – Shell & Cameco Corporation. 10:50
Agriculture - Corteva Agriscience, ADM, The Mosaic Company & John Deere. 16:45
Healthcare – Novo Nordisk, AstraZeneca, McKesson & Pfizer. 19:20
Semi-conductors – ASML & AMD. 22:35
Luxury – Hermès & LVMH. 25:40
Consumer – PayPal & eBay. 27:40
Arbitrage opportunity - Activision Blizzard. 31:25
Short positions - BT, Boeing, Roblox, Kinder Morgan, Inc. & Paramount+. 33:45
Possible Black Swans. 40:40
Currency outlook. 41:40
How to invest in Plurimi’s funds 43:05
