Ian Harnett: Very unusual earnings concentration in US markets

In this podcast episode, Ian Harnett, the co-founder and chief investment strategist of Absolute Strategy Research, shares big picture macroeconomic perspectives and views on the state of global stock markets. 

This is part 1 of a 2-part interview.

Key Times:

• What Fed Governors are thinking right now: 1:40
• US macro + takes on recent economic data: 5:00
• Is the good news all priced in? 10:00
• Narrow earnings growth in the US: 14:00
• Growth outside the US: 16:00
• The energy capex cycle: 27:00
• AI: 30:45
• Overweighting the USD: 36:00
• Ian’s rate cut call: 45:00

Commentary is illustrative only, it should not be viewed as recommendations to buy, hold, or sell any security. 

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