‘I’m afraid of human stupidity’: Why this top economist prefers U.S. tech and gold over bonds
A prominent economist doesn’t fear artificial intelligence, but fully embraces it in portfolios. He feels far differently about government debt.
Read Full Article on MarketWatchAI SUMMARY
# Investment Summary Renowned economist advocates overweighting U.S. technology stocks and gold while underweighting bonds, citing concerns about unsustainable government debt levels rather than AI-related risks. The strategist's preference for tech and precious metals reflects confidence in AI-driven productivity gains and inflation hedges over traditional fixed-income securities facing headwinds from fiscal challenges.
More Top Stories News
Citi tells investors it’s time to sell Moderna after 600%-plus stock gains
Boeing was at risk of losing all fighter-jet production altogether. Now the stock is up on a new Navy contract.
Why Tuesday was one of the most disturbing days for markets in recent memory, according to a Goldman Sachs pro
He’s been badmouthing Treasury bonds since 2020, but now ‘the big fat cushion’ of 5.25% yields is turning this strategist bullish
One group of funds is holding up the stock market. Barclays says oil prices have to fall to drive a year-end rally.
Content sourced from MarketWatch. Not financial advice.