Name: Abby Joseph Cohen on AI Stocks, Investing Amid Dollar Weakness
Uploaded: 2026-01-28T15:43:02+00:00
Duration: 425 s

Speakers

Abby Joseph Cohen — Professor, Columbia Business School

Summary

Abby Joseph Cohen, Columbia Business School professor and retired Goldman Sachs partner, discusses the AI-led market, the implications of a weaker US dollar, and equity market rotation. She sees possible deceleration in AI expansion later this year, expects small- and mid-caps and other sectors to participate more, and is now looking at India among non-US markets. She warns that dollar weakness could raise inflation and intermediate/long-term interest rates, and flags erratic US trade policy as a risk.

Abby Joseph Cohen says big round S&P 500 milestones matter less than economy and corporate fundamentals.
She sees AI/tech potential but warns of possible deceleration in AI expansion later this year.
She expects equity rotation and thinks small- and mid-cap stocks can do well.
She is now looking at India, citing its economic footing and strong large companies.
She says a weaker US dollar could mean higher inflation and higher intermediate/long-term rates.
She notes de-dollarization trends including China's renminbi push and sovereign gold buying.
She worries about erratic US government and trade policy affecting corporate planning.

Ideas

Abby Joseph Cohen Professor, Columbia Business School 1:21

AI expansion may decelerate later this year

Many technology stocks have performed extraordinarily well and investors still appreciate AI's potential, but that potential has not yet been fulfilled across many industries. She sees a possibility that the rate of AI-related expansion decelerates later this year—not declines—so this is a setup to watch.

Abby Joseph Cohen Professor, Columbia Business School 2:40

Weak dollar threatens longer Treasuries

A weaker dollar is a concern because it implies higher inflation and potentially higher interest rates, especially at the intermediate and long end of the yield curve, which would pressure overall equity valuations. This makes intermediate- and long-dated US Treasuries less attractive to own.

Abby Joseph Cohen Professor, Columbia Business School 3:01

Small and mid-caps can do well

She expects the US equity market rotation to broaden leadership and thinks small- and mid-cap stocks can do well; a weaker dollar should not derail them because the US equity market is largely driven by domestic investors.

Abby Joseph Cohen Professor, Columbia Business School 3:14

India economy and equities look attractive

Among non-US markets, she is now looking at India. The Indian economy seems to have found its footing, and the large companies that dominate the Indian stock market index are performing quite well as companies.

Abby Joseph Cohen Professor, Columbia Business School 4:50

Sovereigns buy gold as dollar hedge

She cautions she is not a gold expert, but relays reports that sovereign buyers, including China and other governments, are acquiring gold as a hedge against concerns about the dollar, which is a supportive demand backdrop for gold.

This Bloomberg Markets video, published January 28, 2026, features Abby Joseph Cohen discussing AI-SECTOR, TLT, VXF, INDA, GLD. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Abby Joseph Cohen · Tickers: AI-SECTOR, TLT, VXF, INDA, GLD

Abby Joseph Cohen on AI Stocks, Investing Amid Dollar Weakness

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Ideas

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