BlackRock Says AI Could Be the 'Biggest Uncertainty We've Faced'

I think you're overweight tech and the AI theme, is it more Europe? I mean, Europe just because of the nature of the economy, the proximity to some of the wars, you know, valuations are a little bit lower. Is that how you play it or you just go for the the big seven in the US, actually the big six, yeah, or five or we'll see. Yeah, but yeah, no, it's it's mainly the US still to to this day. I mean, it's true from a valuation perspective. You, you, you, you see more opportunities in Europe as a result. But like the, the AI team is playing first in the USI think there's a lot of investment is happening there. CapEx is being deployed. It's going to be pretty significant. And I think and there's AUS polar attraction that is pretty, pretty strong there. So it's US first. I think Europe eventually will benefit, but it's less clear for us now. But what industries will be disrupted the most? And again, can you play AI through disruption in industries or is it a little bit too soon? The other point I would make on the Eye is that like we believe it's a big story. How it's going to play out is I think this is the biggest uncertainty we probably faced in my professional life. It could be extremely fast, it could be very low. Everybody's trying to make sense of it. So big uncertainty, I think. And the big question is how much is going to be augmented, augmenting labor as opposed to replacing labor. And that I think we're watching. So it's more about right now looking at the companies that can extract profits from the situation. The knock on effect I think is going to be something we need to watch and not the time to play it just yet. Jean, overall, what region? I mean, I know you like the US quite a lot. Do you believe that there could be, you know, the the end or a slowdown of US exceptionalism and does that impact the markets or is it a longer term kind of protracted story that we could see play out? Yeah, I think, I think it is the case that I don't think that that reality has really sunk in from in markets yet that we're weak on the other side of COVID. Now on the track globally that is much weaker than we were pre COVID. the US is the exception. So it's the one that is doing the best. But even the US is on the slower track. So I think there's there is a structural story of, you know, slower growth demographics being behind that high debt AI is the offset to this. So we'll see how it plays out. But in terms of other regions, we are interested that Japan is for us the place where we have the biggest overweight right now in terms of risk asset equities. And the reason there is because that's the only place where we see macro. The macro environment has been your friend as opposed to other places.

OTHER NEWS

15 minutes ago

Patrick Vieira leaves Chelsea's sister club Strasbourg in shock exit after just a year in charge - weeks after Mauricio Pochettino's Blues departure

15 minutes ago

I'm a tradie boss - here's my problem with Gen Z apprentices these days... and what you just can't teach them anymore

15 minutes ago

UK 'prepared for wrong pandemic'

15 minutes ago

ANC insists Zuma’s disciplinary hearing will be held virtually on Monday

15 minutes ago

Caitlin Clark’s Response to WNBA Assists Record Was Pure Class

15 minutes ago

Golf-American Thomas takes early Open lead, McIlroy struggling

15 minutes ago

Norwich close in on "excellent" 20 y/o gem as he gets green light to move

15 minutes ago

American who made social media threats against Taylor Swift detained ahead of German concert

15 minutes ago

Patrick Cantlay humbled by Tiger Woods' reply after visit to golf legend's basement

15 minutes ago

Done deal, finally: Kaizer Chiefs sign Dortley

15 minutes ago

Penn lays off about 100 employees as it focuses on ESPNBet growth

15 minutes ago

This strategist is finding value outside of the U.S. — here's where

15 minutes ago

Ex-Hunter Biden biz partners and corruption witnesses Tony Bobulinski, Devon Archer team up at RNC in nightmare for Joe

15 minutes ago

Kim Kardashian and sister Khloe make surprise appearance at Andrea Bocelli's star-studded 30th anniversary three-day concert in Italy

19 minutes ago

Graham Potter responds to England job speculation after Gareth Southgate exit

19 minutes ago

Elks’ Jarious Jackson to make CFL head-coaching debut versus Redblacks

19 minutes ago

The Grateful Dead and Francis Ford Coppola among newest Kennedy Center Honors recipients

19 minutes ago

2024 Election Latest: Trump to speak at RNC as convention enters fourth day, Biden has COVID-19

24 minutes ago

Video: Stranger Things stars Finn Wolfhard and Gaten Matarazzo hold hands as they go house hunting with Gaten's girlfriend Elizabeth Yu in New York City

24 minutes ago

Video: Karl Stefanovic shocks fans as he 'reveals' full body tattoo: 'I didn't know you had a tiger on your chest'

25 minutes ago

Influencer Tianna Robillard exposes ex-fiancé NFL player Cody Ford for cheating on her TWICE before she called off their engagement

25 minutes ago

Oklahoma mansion with every amenity imaginable seeks $17.25M

25 minutes ago

Khloe Kardashian reveals why she does NOT need therapy like her sister Kim even though her best friend URGES her to get help

25 minutes ago

Kris Jenner's longtime partner Corey Gamble, 43, makes racy comment about their sex life - after Kardashian matriarch, 68, undergoes hysterectomy

25 minutes ago

MSNBC insiders accuse top execs of ‘coddling Trump’ by pulling ‘Morning Joe’: New ‘level of disgust’

25 minutes ago

Trump notches lead over Biden in Virginia poll

25 minutes ago

Murderer claimed to find his victim’s suicide note — which cops knew was written nearly 40 years earlier

25 minutes ago

Video: Maya Jama and Stormzy are the latest celeb couple to split because he was broody and she wasn't ready for babies

25 minutes ago

Scotland make 10 changes for test against Chile

25 minutes ago

Rose rolls back the years at Troon

25 minutes ago

Strasbourg part ways with coach Vieira after one season

25 minutes ago

Slightly Used High-Performance Cars That You Can Get Crazy Cheap Thanks To Insane Depreciation

25 minutes ago

BMW Once Stuffed a V12 Into a Z3 Just Because a Car Mag Asked It To

25 minutes ago

Jenna Bush Hager on Judy Blume, 'The Bluest Eye,' and the Book With the Greatest Ending

25 minutes ago

Kaizer Chiefs fans will finally get a chance to see what Nasreddine Nabi is cooking

25 minutes ago

Subsistence of Siberia: War casualties swell Irkutsk cemetery

25 minutes ago

State pension on course to rise to more than £12,000 under triple lock promise

25 minutes ago

Furious Liz Truss asks Civil Service to probe 'slurs' against her in King’s Speech papers

25 minutes ago

Bridgerton star Harriet Cains lands next lead movie role

25 minutes ago

President Zelensky thanks the UK over Ukraine support

ALONGWALKER VIETNAM: Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch ALONGWALKER INDONESIA: Saluran untuk mengeksplorasi pengalaman para pemuda global