U.S. large cap growth is expensive, notes Patrick McDonough. He examines potential opportunities in the U.S. and emerging markets. He discusses takeaways from U.S. large cap growth in 2023. He talks about how most of year-to-date return is driven by multiple expansion. He outlines that the party in equities continues, located in U.S. large cap growth, and inflation is above central bank targets, but it’s moving in the right direction. He then goes over factors to consider in your portfolio construction. He outlines potential opportunities and risks to exposure in China. Tune in to find out more about the stock market today.