Decoding Sell in May: Investment Strategies and Market Sentiments Strictly Money with Saijal Patel

Philip Petursson, Chief Investment Strategist at IG Wealth Management is back with his economic and market outlook. 
We unravel the S&P500 performance and the "sell in May and go away" investment strategy, uncovering what this means for investors.
We also delve into the pressing topic of rate cuts by the Federal Reserve and Bank of Canada, and when these pivotal decisions might occur. Plus, we explore sectors that are still cheap and how "magnificent 7 stocks" are influencing market dynamics.
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TIMESTAMP:
00:00 No advantage in selling stocks based on trends.
05:15 Fed cautious about raising rates before election.
09:19 Canadian economy faces growth and productivity challenges.
10:34 Interest rate cuts weaken Canadian dollar, impact inflation.
13:31 Rate cut expectations already priced in market.
18:30 Market performance displays healthy diversity and breadth.
20:12 AI and machine learning are the latest trends.
23:27 Optimistic about global economy for 2023-2024.
27:12 Long term view, manage risk, ignore volatility.
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GUEST LINKS & RESOURCES: 
The Living Market Podcast Hosted By Philip Petursson: https://www.ig.ca/en/insights/podcast
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
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