Rob Arnott: '24 will be 'a year of living dangerously' but find the values
Rob Arnott, chairman and chief executive officer at Research Affiliates sees a recession as likely for late 2024, but expects the entire year to be dominated by domestic and geopolitics that create significant "left tail risk," the most extreme potential downside performance. It will be, he says, "a year of living dangerously," but he views current conditions "as a wonderful opportunity" to lean into value investing strategies. Also on the show, Tom Lydon, vice chairman at VettaFi makes a call on currencies and Japan with his ETF of the Week, and Mark Yusko, chief investment officer at Morgan Creek Capital Management, talks about ETF investment strategies in the Market Call.