Markets Are Not Reflecting Macro Environment: BlackRock

Jean Valvant Bovant from BlackRock discusses the valuation of big tech companies like Microsoft, questioning if they are too expensive to invest in. He emphasizes the importance of thematic investing and the potential of AI. He also highlights the macroeconomic risks, particularly interest rates, and suggests that markets may not fully reflect these risks. Despite these challenges, he remains optimistic about US equities in the long term.

What is the speaker's view on the Federal Reserve's actions regarding interest rates this year?

What sectors does the speaker indicate they will be favoring in the long term?