Sadiq Adatia, CIO at BMO Global Asset Management, joins BNN Bloomberg to provide an outlook on the market.
Markets are pulling back as investors reassess technology valuations following a strong run-up in AI-related stocks, while geopolitical concerns and changing interest-rate expectations continue to influence sentiment.
BNN Bloomberg spoke with Sadiq Adatia, chief investment officer at BMO Global Asset Management, who remains constructive on equities, citing resilient consumers, healthy corporate earnings and continued economic strength in the U.S.
Key Takeaways
- Technology valuations are facing increased scrutiny, but the long-term AI growth story and earnings outlook remain strong.
- The U.S. remains Adatia’s preferred market because of economic strength, healthy consumers and strong corporate earnings.
- Consumer spending has softened somewhat, but household balance sheets remain…
