Understanding the K-shaped economy: an equity perspective for advisors

About this episode

Lesley Marks discusses the disparities in corporate earnings and stock performance in the K-shaped economy.

Corporate earnings and stock performance are not moving uniformly — and the divide is worth understanding. Lesley Marks, CIO at Mackenzie Investments, joins host Rajan Bansi to walk through why AI infrastructure companies have had a markedly different experience than sectors like airlines and traditional software, and what it may mean that bond markets appear to be pricing in a different outlook than equities. Thoughtful context to help advisors frame today's market for their clients. Episode recorded May 15, 2026.

People in this episode

Host: Rajan Bansi

Guest: Lesley Marks

Topics covered

• K-shaped economy
• equity perspective
• AI infrastructure
• corporate earnings
• stock performance
• bond markets
• market outlook

Keywords

• K-shaped economy
• equity
• AI infrastructure
• corporate earnings
• stock performance
• bond markets
• market outlook

Mentioned in this episode

Organizations: Mackenzie Investments

More episodes of The Invested

• The Bank of Canada Holds Steady as Global Volatility Builds · June 11, 2026 · 14 min
• Value's moment: Canada, tariffs, and the case for stock picking · June 1, 2026 · 21 min
• Higher for longer takes hold · May 1, 2026 · 21 min
• Building resilience through volatility · April 29, 2026 · 20 min
• Finding value beyond concentrated markets · April 21, 2026 · 19 min
• The new phase of the energy transition · April 13, 2026 · 21 min