RiskReversal Pod Anastasia Amoroso’s Bold SPX 7000 Call and What Could Derail the Rally
Nov 7, 2025
Anastasia Amoroso, Chief Investment Strategist at Partners Group, dives into the impacts of AI on job markets and productivity. She highlights the Federal Reserve's looming rate cuts amidst a weakening labor market while exploring the potential for the S&P 500 to reach 7000. Anastasia discusses investment strategies in private markets and the significance of monitoring AI developments closely. She warns that setbacks in AI revenue or unexpected labor shifts could derail market optimism. Key sectors like financials and healthcare are also spotlighted for growth opportunities.
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Joining A Private Markets Platform
- Anastasia joined Partners Group in July and now focuses on private markets across PE, credit, real estate, infrastructure, and royalties.
- She emphasizes the firm's platform approach and U.S. presence in Denver and New York while headquartered in Zug, Switzerland.
Labor Weakness Points To A December Cut
- Anastasia expects the Fed to cut rates in December given weakening labor market data and rising layoffs year-over-year.
- She argues labor market deterioration should push the Fed toward easing despite recent pushback in Fed commentary.
Early AI Adoption Boosts Productivity
- AI adoption is only around 9–10% economy-wide but early adopters report revenue lifts of 5–10% and better productivity per employee.
- Fewer job openings per unemployed person and hiring pullbacks suggest AI is already affecting labor dynamics.