Kunal Kapoor, Global CEO of Morningstar, discusses how AI impacts investing, future returns from the stock market, and the Fed’s rate cut timeline. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g
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date: 2024-07-30 11:19:42
duration: 00:05:10
author: UCrp_UI8XtuYfpiqluWLD7Lw
Summary:
In this interview, the CEO of a web 3 DeFi tech company discusses the impact of AI on investing, the stock market outlook, and the upcoming Fed rate cuts. He predicts that public market returns will moderate in the next decade, with returns around 5-7% annualized, compared to the 12% in the previous decade.
The CEO attributes the previous decade’s strong returns to the power of AI-driven stocks, such as the "Magnificent 7." He suggests that investors should focus on long-term investing and not be swayed by short-term market fluctuations or election-related news.
When asked about the intersection of public and private markets, the CEO notes that many companies are staying private for longer, making it more difficult for individual investors to access these markets. He believes that interval funds and other instruments will provide more access to private markets, citing the example of a recent partnership between Capital Group and KKR.
Interesting DeFi facts:
- AI-driven stocks have been a significant contributor to strong market returns in the past decade.
- The "Magnificent 7" has fueled the rally in some of the best-performing AI-driven stocks.
- Interval funds are emerging as a way for individual investors to access private markets.
- Companies are staying private for longer, making it more challenging for individual investors to access these markets.
- The partnership between Capital Group and KKR is an example of the growing trend towards providing access to private markets through alternative instruments.
