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BlackRock's Kate Moore - Don't Bet Against US Corporate Dynamism | #543
Today's guest is Kate Moore. Kate is a member of the Global Allocation investment team and Head of Thematic Strategy. In this episode, Kate talks about the resilience of the U.S. economy. She talks about the concentration of market leadership, the upcoming election's potential effects on policy and markets, the potential for a momentum reversal, and the role of AI in investing.
Key Points
- Kate Moore believes that the US economy will continue to adjust to higher interest rates without entering a recession, thanks to strong corporate dynamism and positive company outlooks.
- Large companies are benefiting from the current high-interest rate environment due to their low debt costs and significant cash balances, which are earning substantial returns, unlike smaller companies that are more interest-sensitive and less diversified.
- Kate emphasizes the importance of challenging one's biases and thinking across different sectors and themes, leveraging AI tools to enhance productivity and gain a broader perspective on investment opportunities.
Follow Kate
Resources The Great Depression: A Diary by Benjamin Roth How great leaders inspire action - Simon Sinek (18 minutes)
Sponsor: Today's episode is sponsored by YCharts. YCharts just published their latest release of their Top 10 Visuals. Start your free trial and be sure to mention "Meb" for 20% off your subscription (new clients only).
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Transcript
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