This week in my interview with Paul Turton on ABC’s Statewide Drive, we took a deep dive into the dynamic forces shaping the financial markets, homing in on Gary Shilling’s insights into the future of U.S. stocks. We discussed the S&P 500, dissecting the key growth engines—what I like to call the “magnificent seven” (Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla and Nvidia) —and explored the potential market repercussions if these seven companies were to be extracted from the index. To cap it off, we unravelled the intricacies of interest rates, placing special emphasis on the concept of “neutral interest rates” and why they stand as a crucial yardstick in deciphering our prevailing monetary policy. You can hear my thoughts from the 31-minute mark here. ABC Statewide Drive – Navigating the financial landscape