Hancock's Miskin on playing the mixed signals in the US, Europe and in bonds
Matt Miskin, co-chief investment strategist at John Hancock Investment Management, says that several European nations are in recession while their stock markets are pushing through record highs, in conditions so unusual that U.S. activities are helping foreign multinationals keep rolling. Still, Miskin believes the U.S. is the best market, though he is now skewing the portfolio toward mid-cap names, pulling back slightly on the mega-cap giants over valuation concerns and leaning into bonds for the safety of consistent returns in excess of 5 percent. Matt Harris, chief investment officer at The Hausberg Group, turns the conversation to technicals, and while he believes that "There's not much that is more bullish than all-time highs," he thinks returns will be muted for 2024. Plus, Dana Staggs, president of ArrowMark Financial Corp., discusses how investments in the banking business through something called "regulatory capital relief securities" can both juice and stabilize returns, and Christopher Zook, president, CAZ Investments returns to the show, talking thematic investing at a reasonable price in the Market Call.