Denis Taillefer on BNN Bloomberg’s The Close | July 20, 2023

Higher expectations for tech creates risk if earnings fall short: Portfolio manager Denis Taillefer

Denis Taillefer, Senior Portfolio Manager at Caldwell Investment Management, tells BNN Bloomberg that the performance of the tech sector will determine the market’s momentum. He says bank earnings so far have pointed to some economic resilience. He adds that the market is pricing in a rate cut in Q1 of 2024, but believes the labour market would need to soften further for a cut before Q2 of 2024. He explains the reasons for his stock picks, Rockwell Automation (ROK NYSE) and Stryker Corp.