Teal Linde's Top Picks: November 6, 2023

Top picks from Teal Linde, manager, Linde Equity Fund

FOCUS: North American mid and large-cap stocks 

MARKET OUTLOOK:

People have lost a lot of money in their portfolios since September due to a widespread belief in the U.S. Federal Reserve’s Sept. 20 hawkish outlook that rates will stay higher for longer. The market reacted so harshly as if the outlook was a certainty, but when you consider the Fed’s poor forecasting track record, you realize you can’t really count on it. There are many examples where its forecasts have missed the mark. Below are just a few of the big ones.