Mina Krishnan
We remain positive on equities for this year due to the strong earnings trajectory.
You took your view on gold down to neutral. What's the call there?
Host
Mina Krishnan
We think about gold as a pause in our views. The central bank demand story is still ongoing, but correlations have shifted.
How do higher energy costs factor into your inflation, growth, and asset allocation calls?
Host
Mina Krishnan
We saw more upside inflation risk and an economy running hot, which led us to be negative on duration.
Is the rotation into more cyclical/value stocks still a play?
Host
Mina Krishnan
We're taking a pause on that rotation.
Where is the range bound for the 10-year yield? At what point does it break out?
Host
Mina Krishnan
If we see a break above 4.5% on the US 10-year, that would be the tipping point for equities.
How does China play into your outlook?
Host
Mina Krishnan
Less emphasis on China this year, more on Asia Tech (Korea, Taiwan).
The favorite trade of dollar weakness has turned around. How do you think about the dollar?
Host
Mina Krishnan
We have upgraded our view on the dollar. We like to play the dollar versus the euro.
Did you participate in the Korean 'Moonshot'?
Host
Mina Krishnan
We have favored Asia Tech (Korea, Taiwan) and have been long those markets since mid-last year.
What is your insight for people who are scared?
Host
Mina Krishnan
Geopolitical shocks are often scary but short-lived compared to shocks like a weakening labor market or higher rates.