Part 1 of 2
Abby Joseph Cohen once moved markets as Goldman Sachs’ U.S. Investment Strategist. She now shares her economic and financial wisdom with business school students, Barron’s annual roundtable, and us in the first of a two-part interview.
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ABBY JOSEPH COHEN
- Professor of Business, Columbia Business School
ACTION POINT
DON’T FIGHT THE FED!
“This marks the end of the Fed’s monetary policy tightening cycle that started during March 2022.”
- Fed’s 50 basis point cut in fed funds rate on 9/18/24 represents a major change in Fed Policy
- Ed Yardeni, 9/18/24 “Quick Takes” Yardeni Research
BOOKSHELF
ONE INVESTMENT
COHEN: SUBSTANTIAL UNDERVALUED COMPANIES
Consider a Mid-Cap ETF
High Morningstar medalist ratings:
- iShares Core S&P Mid-Cap ETF (IJH) – Silver
- Vanguard Mid-Cap ETF (VO) – Gold
- Franklin US Mid Cap Multifactor Index ETF (FLQM) – Silver
- Fidelity Enhanced Mid Cap ETF (FMDE) – Gold
COHEN: INTERNATIONAL DIVERSIFICATION
BUY iShares MSCI EAFE ETF (EFA)
- Bronze Morningstar medalist rating
- Diversification outside of the U.S.
- Much lower technology weighting vs. U.S. market
- Higher weightings in other sectors including pharmaceuticals, industrials & consumer discretionary