Mid-Year Market Update 2022: CEO + Founder Mike Taylor on current market conditions

In our Mid-Year Market Update video, we hear from JUNO CEO and Founder Mike Taylor.

In this video, Taylor shares his views on current market conditions and what specific indicators he and the investment team are looking at to show when markets may recover. 

“Really there has been nowhere to hide in stocks this year,  in fact, not just stocks. There has been nowhere to hide anywhere,” Taylor says.

“It has been really tough, and there are a lot of emotions around,” he says.

There has been “absolute carnage” in small-cap tech too.

“A lot of heat that was in the market in 2021 has gone. So the price deflation from liquidity being withdrawn, from interest rates rising, has had its effect on markets. 

“So what’s left then really is for earnings. Where earnings are going to land over the next 12-24 months is something we are really focusing on.”

So, what has been going on, and what is Taylor’s view on global macro events?

JUNO Mid-Year Market Update 2022 from JUNO Funds on Vimeo.

Information correct as at 28 June 2022. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit www.junofunds.co.nz. All content is correct at time of publication date, unless otherwise indicated. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.