Co-CIO Karen Karniol-Tambour recently appeared at the Milken Institute’s 2024 Global Conference on a panel about the macro outlook, moderated by David Westin of Bloomberg’s Wall Street Week . The panel was framed around economic divergences, and as the conversation went on, Karen addressed a wide range of topics that are front-of-mind for investors, including:

• The economic impact of geopolitical tensions, such as increased governmental pushes for supply chain resiliency and industrial policy.
• Where to find geographic diversification , including implications for investing in China and other Asian markets.
• The role of currency hedging in an environment of more volatile inflation.
• Whether markets have gotten smarter due to central banks’ more detailed guidance.
• The rise of private credit and equity from a macro perspective.
• How we’re approaching geopolitical and regulatory risks , with a case study of the US presidential election.
• The potential impact of AI on inflation , both in the short term and in the long term.

This content is provided by the Milken Institute and originally appeared as programming during the Milken Institute Global Conference.