Unearthed: Hard, soft or no landing ft. Karim Chedid, BlackRock

Unearthed

[1:27] Karim elaborates on how he perceives the overall economic climate at the present.

[3:08] Are we going to see growth stabilize and even accelerate?

[4:24] Karim explains mega forces and how he believes they will influence portfolios and investors.

[11:41] Karim dives into geo-political risks versus opportunity.

[20:46] With cash allocations possibly reaching 8%, Karim hypothesizes if investors should put their cash to work.

Additional Resources:

• John Reade’s LinkedIn
• Joe Cavatoni’s LinkedIn
• John and Joe on the vision for the Unearthed podcast
• More about the World Gold Council
• Karim Chedid LinkedIn
• BlackRock 2024 outlook

Notable Quotes:

• “I think that AI is a dispersion driver. It’s a dispersion of returns and a dispersion of earnings.” - Karim Chedid
• “We hadn’t seen valuations become too expensive, especially on the two year forward earnings perspective because of the real impact that the AI breakthrough is having on earning projections.” - Karim Chedid
• “The rate cuts are coming this year, we can debate how many versus how much the market is priced in, but they are coming.” - Karim Chedid
• “The correlation between stocks and bonds is no longer reliable because you can have quite correlated periods between stocks and bonds.” - Karim Chedid

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