The trend out of profitless tech into value and commodities to continue: Hedge fund manager
Barbara Ann Bernard, CEO and CIO of Wincrest Capital, joins BNN Bloomberg for her view on the markets amid China's protest. Bernard says Xi's next moves will affect the markets' next moves. She also adds that earnings for 2023 will continue to adjust lower as investors have yet to price in higher rates for longer. Bernard adds valuations remain expensive in various areas of the market. Furthermore, she discusses the Holiday season by drawing parallels between post-COVID revenge travel and revenge Christmas shopping.