‘China is very much on our radar,’ US economy shows unexpected resilience - Mark Perchtold (OMBA)

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‘China is very much on our radar,’ US economy shows unexpected resilience - Mark Perchtold (OMBA)
Mark Perchtold, the founding director of OMBA, a company specialising in using Exchange Traded Funds (ETFs), maintains a positive outlook on China despite geopolitical challenges. In an interview with BizNews, Perchtold attributes his outlook on China to various stimulatory measures, including significant reforms by the Chinese governments to boost China's property market. He believes that geopolitical risks are mitigated by China's extensive bilateral agreements with other regions. Perchtold also emphasised the importance of closely monitoring inflation and the Federal Reserve's response, as easier monetary policies and lower interest rates are crucial for boosting the US economy. He noted that the US economy has shown surprising resilience, with robust employment data despite rising interest rates. Regarding AI investments, Perchtold advises maintaining some exposure but warns against overcommitting
22 May 2024 9AM English South Africa Investing · Business News

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