Justin Elliott on BNN Bloomberg’s The Close | January 6, 2023
Deceleration in wage growth boosted hopes for slowing Fed rate hikes: Justin Elliott
Justin Elliott, Portfolio Manager at Caldwell Investment Management Ltd., appeared on BNN Bloomberg where he discussed the day’s strong market rally. He notes that investors will need to adjust to a higher rate environment than in recent years as the Fed has signaled a “higher for longer” stance, and says Canada will be in lockstep. He explains why he favors off-price retailer TJX (TJX NYSE) and medical device company Boston Scientific (BSX NYSE) as his stock picks.