The CIO has expressed caution regarding cryptocurrency, considering it to be speculative trades rather than long-term investments.

Caution on Cryptocurrency

This perspective is based on the recent surge in Bitcoin, driven by optimism surrounding President-elect Donald Trump's pro-crypto policies.

However, the CIO remains skeptical about the long-term utility of cryptocurrencies due to their volatility and historical performance.

Positive Outlook on Equities

On the other hand, the CIO has a positive outlook on global and U.S. equities, supported by solid economic growth and the Federal Reserve's easing path.

The rise of artificial intelligence is seen as a significant driver for the equity bull market, with the CIO encouraging long-term investors to leverage short-term volatility in technology stocks to build exposure to AI.

Interest in Equities Outside the U.S.

Additionally, there is growing interest in equities outside the U.S., particularly in Asia ex-Japan and Eurozone small and mid-cap stocks.

Overall, the CIO suggests a more measured approach focused on equities, particularly in sectors driven by technological advancements, for more sustainable returns in the long run.