She is bullish on the broadening market uptrend, noting that value stocks have done better year-to-date and expects the Fed to cut rates by year-end, which supports further market gains.
Emerging markets offer a good trade-off and are preferred over other developed markets like Europe, which are more vulnerable to Gulf geopolitical risks, with some EM markets highly geared to the AI complex.
Gold has higher to go driven by central banks pivoting into the metal, natural consumer demand for jewelry, and the ongoing overhang of US dollar debasement.