The Globe and Mail reports in its Saturday edition that while some investors predict doom and gloom for financial markets next year, money manager Ryan Lewenza feels optimistic for stocks and bonds. The Globe's Brenda Bouw quotes Mr. Lewenza saying, "We're bullish." Mr. Lewenza is senior financial adviser and senior portfolio manager, private client group, with Turner Investments at Raymond James in Toronto. He invests exclusively in exchange-traded funds (ETFs). Mr. Lewenza expects a "soft landing" for the North American economy in the weeks ahead, alongside a series of interest-rate cuts from central banks. "The only question is when" those rate cuts will come, says Mr. Lewenza, who oversees about $1.1-billion in assets. "We see the Bank of Canada going first in the spring and then the U.S. Federal Reserve following." He adds, "We see corporate profits and PE [ratios] going higher next year." He also expects bonds to have a "very good year" in 2024 given they tend to move inversely with yields. "You're getting 4- to 6-per-cent coupons right now, depending on what you're buying. And we could have another 3- to 5-per-cent capital appreciation of bonds next year as rates come down," Mr. Lewenza tells The Globe.