Gargi Chaudhuri is BlackRock's chief investment and portfolio strategist for the Americas. She joins Phil Rosen to discuss the firm's outlook on the AI trade for 2026, the biggest risks to the bull market, what BlackRock clients are most concerned about, and how she's thinking about portfolio positioning in the new tech boom.
This episode is sponsored by Public: https://public.com/openingbellSubscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Intro0:23 - AI stocks got cheaper4:22 - Risk of AI optimism7:06 - Diversifying from AI8:37 - $8 trillion capex 12:02 - Economic growth14:38 - Public & Generated Assets15:46 - Macro vs. earnings 17:28 - $9 trillion cash on sidelines19:59 - Rethinking 60/40 portfolios23:18 - 2025 surprises24:28 - BlackRock’s bitcoin success28:24 - What goes wrong in ‘26?31:40 - BlackRock client concernsDisclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.
