Expert on reaction to rate increase: We're ALL OVER the place

• Goldman Sachs' view that temporary factors driving PCE inflation are peaking, suggesting less need for aggressive Fed hikes.
• Alli McCartney identifies geopolitical uncertainty, demand for borrowing, and a strong economy as factors influencing yields and Fed policy.
• Thematic investment recommendations include AI, Power & Resources, Longevity, European Leaders, Luxury & Lifestyle, and Automation & Robotics.
• McCartney expresses a bullish outlook for markets in the next 12 months, driven by earnings and growth, and advocates for real assets like gold as uncorrelated investments.

The discussion centers on the market's reaction to the Fed's rate hike, with Goldman Sachs suggesting temporary inflation factors are peaking. UBS's Alli McCartney outlines reasons for the Fed's actions, including geopolitical uncertainty and strong economic demand. She also highlights thematic investments and a bullish outlook for the next 12 months, emphasizing gold as an uncorrelated asset.