Blackrock's Gargi Chaudhuri on her portfolio strategy

• US economic data, including the job market and retail sales, shows resilience, but the full impact of higher energy prices on consumers and core inflation is yet to be seen.
• BlackRock advises clients to invest in 'durable growers' within the capex cycle, specifically highlighting AI (iShares A.I. Innovation & Tech ETF: BAI) and energy for strong earnings and security.
• To address challenges where stocks and bonds move in tandem, BlackRock recommends 'diversifying your diversifiers' through alternative strategies (iShares Systematic Alternative ETF: IALT), short-duration inflation-linked bonds (iShares 0-5 Year TIPS Bond ETF: STIP), and gold (iShares Gold Trust: IAU) as hedges.

Gargi Chaudhuri from BlackRock discusses the resilience of the US economy, driven by the capex cycle, AI, and energy. She highlights the ongoing challenge of inflation and the need for investors to diversify their portfolios beyond traditional assets, focusing on durable growth themes and alternative strategies to hedge against current market risks.