By
Borsgade
In this article, Bridgewater’s three CIOs discuss why the economic expansion is likely to stay durable even as it slows, why a sustained expansion with central bank easing isn’t as good for assets as it might seem, and the opportunities they see. In addition, Co-CIO Greg Jensen recently attended Bloomberg for a discussion on many of these topics (see the video below).
Here are the key takeaways:
Economic and Market Observations
Investment Implications
In the equity markets, correlations across stocks are low, reflecting large divergences across companies exposed to different aspects of the economic machine. Companies we see as likely to outperform include AI beneficiaries with “winner takes all” dynamics, value laggards with large risk premiums and pressure for the gap to close, and past underperformers where moves look overdone.
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