Isaac Poole from Oreana Financial Services joined us to give us his top three conviction calls and his market outlook. When it comes to the US Fed hike, Poole claims that an increase of 75bp will be the minimum and that it is likely to see another increase of 75bp towards the end of the year. Isaac’s first conviction call is to add duration as yields have sold off to be above 3% providing meaningful income, downside protection and diversification. The second conviction call was to hold onto equity allocations as he doesn’t see a recession being likely in the next 12 months providing upside for both Australian and US equities. The third conviction call is to consider China. Isaac claims that China has been in recession for most of this year but that we are closer to the end of it than the start. The equities have been priced quite pessimistically with those believing that the recession in China has only just begun. Isaac further gives his insight on which is his preferred market so listen here to find out all the details.
(Source: Ausbiz)
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