Noah Holds Barred: Investing Amidst the Slowdown

US Equity Strategy Webcast Series: Noah Holds Barred - Episode 1

Noah and Jason discussed:

• The foundations of our constructive outlook and 7700 year-end S&P 500 target
• The capex outlook and its implications
• Do valuations represent a meaningful constraint?
• Tensions and opportunities between market pricing and the state of the cycle
• What a US recession could mean for equities
• Middle East tensions: potential paths to resolution and market implications
• Sector positioning for 2026