Money Life With Chuck Jaffe Daily Podcast

BlackRock's Li isn't optimistic for '24, but says selective opportunism will pay off

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Synopsis

Wei Li, global chief investment strategist at BlackRock, makes it clear that she doesn't feel her firm's outlook for 2024 is "optimistic." Amid significant macroeconomic risks, Li says there are selective opportunities for investors who are willing to take the chance to put money to work, particularly in parts of the market that remain reasonable values -- notably artificial intelligence and big tenchology, which she expects to continue their strong performance from 2023 -- while avoiding parts of the market that are "priced for perfection" after the market's rally late in 2023. Also on the show, David Trainer at New Constructs puts Carvana back in "The Danger Zone," noting that the company remains a "zombie stock" -- one he expects could go to zero -- despite a strong bounceback in performance in 2023. In the Market Call, Simon Lack, managing partner at SL Advisors -- which oversees the American Energy Independence Index -- talks energy stocks, particularly midstream energy infrastructure stocks and the cha