“Stocks Are Still Very Undervalued”

In this episode of The Markets, Chris Hussey interviews Anshul Sehgal, Global Co-Head of Fixed Income Currency and Commodities at Goldman Sachs, about the current economic outlook and market trends. Sehgal expresses optimism about the intermediate-term global economy, highlighting potential growth factors like fiscal expansion in Germany and the impact of AI and robotics. He acknowledges a possible soft patch in the near term due to tariffs, but anticipates a strong recovery driven by deregulation and tax benefits. The conversation covers the Fed's stance on interest rates, the dollar's recent strengthening, and investment strategies, with Sehgal favoring long positions in stocks, the dollar, and carry trades, while also addressing concerns about market liquidity during the summer.