Chad Padowitz and the Financial Standard’s Year in Review

Talaria co-CIO Chad Padowitz spoke with Eliza Bavin from the Financial Standard recently as part of their 2024 year in review. Commenting on the resilience of markets amid the uncertainty, Chad said:

“The resilience of the market and economy overall was in large part better than historical periods of similar economic backdrops. However, both economic and market cycles vary in duration, and there is nothing to suggest the ending of this full cycle will not be more similar to historical precedents.”

Chad warned that while markets kept their heads above water, we may soon face some consequences.

“Valuations and margins are at historically high levels, while earnings expectations are high both in absolute numbers as well as where we are in the cycle. This does not create a favourable backdrop for equities,” he said.

The full article was published in print.