RBC Wealth Management Is 'Overweight' US Stocks, Gold

The video discusses the impact of political events on market volatility, particularly in the US, and the potential for a 5-10% market correction. Despite this, US equities are seen as strong due to expected GDP growth and corporate earnings. The Federal Reserve's rate cuts are analyzed, with a focus on their data-dependent nature and the current economic indicators. The video also covers gold market predictions, highlighting the influence of central banks, especially from emerging markets, on gold prices.

What is the expected market correction percentage in the US due to sticky inflation and debt issues?

• 11 to 15%

• 5 to 10%

• 3 to 4%

• 1 to 2%

Which sectors are highlighted as buying opportunities in the US market?

• Consumer Goods, Industrial, and Materials

• Automotive, Retail, and Agriculture

• Financial, Tech, and Utility

• Healthcare, Real Estate, and Energy

What is the expected GDP growth rate for the US next year?

• 4.0%

• 3.0%

• 2.3%

• 1.5%

Why are central banks, especially in emerging markets, buying gold?

• To hedge against stock market volatility

• To diversify currency reserves

• To increase foreign exchange reserves

• To stabilize their local currencies

What is the base case scenario price target for gold next year?

• 30,000

• 28,000

• 26,000

• 25,000