KIC Held a Forum in New York to Discusses Future Financial Market Drivers
The Korea Investment Corporation (KIC) held the 12th ‘New York Korean Finance Forum’ on June 27 (local time) at the New York Consulate General, organized by its New York branch. The forum brought together over 30 investment professionals, including the financial attaché of the New York Consulate General, government officials, public investment institutions, and representatives from securities firms, banks, and insurance companies.
Jason DeSena Trenert, CEO of Strategas Securities, delivered a keynote presentation at the forum. Trenert highlighted a historical trend, stating, “Since 1944, in years when presidential elections are held, the U.S. stock market has risen by an average of 16% thanks to various economic stimulus measures.” He emphasized the importance of monitoring government-led liquidity supply going forward, suggesting that such measures could continue to influence market performance.
Trenert projected that high inflation and high interest rates are likely to persist due to ongoing government spending and a robust labor market. He noted that while recession concerns have eased, it remains crucial to approach the market cautiously by closely monitoring macroeconomic indicators in the second half of the year.
Identifying key investment themes for the future, Trenert pointed to de-globalization, artificial intelligence (AI) technological innovation, and treasury yields as significant drivers. He highlighted sectors such as energy, materials, and industrials as important areas for future market growth.
Strategas Securities, the firm Trenert leads, is a macroeconomic research institution based in New York and Washington. It provides macroeconomic research, investment strategy, and trading services to institutional investors and corporations worldwide.
The Korea Investment Corporation (KIC) is a sovereign wealth fund established by the South Korean government to manage and invest public funds globally. The New York Korean Finance Forum, an annual event organized by KIC’s New York branch, aims to foster dialogue and collaboration among financial professionals, government officials, and public investment institutions.
