“I think the biggest swinger in terms of the markets is really going to be AI.” – 01:37
Gordon Stein, Author of Cashflow Cookbook, joins Remy Blaire to discuss the current economic landscape as the Federal Reserve prepares for its annual economic policy symposium in Jackson Hole, Wyoming. With the gap between short and long-term U.S. borrowing costs widening, we explore what this means for investors, especially as inflation shows signs of rising.
As we transition into the autumn months, the pair discuss the expectations surrounding interest rate adjustments and how they could impact investors. Gordon emphasizes the importance of the Fed’s tone and forward-looking comments, suggesting that the market’s reaction will depend significantly on these factors.
Gordon also touches on the traditional 60-40 investment portfolio and how investors should be rethinking their approach to risk in light of advancements in artificial intelligence (AI). Gordon highlights the potential of AI-driven companies and the importance of investing in those that can leverage AI to enhance their efficiencies and profitability.