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PODCAST: With UBS equity strategist David Cassidy on the ASX, banks, miners, Amazon and North Korea

(L-R): Business Insider’s Paul Colgan with UBS chief equity strategist David Cassidy and BI global markets correspondent David Scutt.

The ASX this year has been “a bit of a laggard” by global standards, according to the chief equity strategist at UBS in Australia, David Cassidy.

Part of that is due to the sector mix, which he simply characterises as “not enough tech and too many banks”.

With corporate reporting season underway in Australia, Cassidy joins for this week’s edition of our markets and economics podcast, Devils and Details. On the agenda:

  • The extremely low levels of volatility on markets lately and what might happen next;
  • Tensions between North Korea and the US and where it might lead;
  • Why the Australian economy is still “muddling through”;
  • Cassidy’s view on the gap between business confidence and consumer sentiment;
  • The companies UBS thinks might beat expectations, including Qantas and JB Hi-Fi;
  • How Amazon’s arrival in Australia might affect the retail sector, and
  • China’s slowdown and why Cassidy thinks it might actually help mining stocks

Cassidy also shares the biggest mistake he sees people making when it comes to stocks: getting caught up in the noise.

It’s our 50th episode of Devils and Details, which you can find on iTunes or your preferred podcasting platform — or listen in below.

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