Longer-term investors should ignore the daily racket surrounding interest rates and focus on generating income over the next 10 years, according to New York Life economist and chief market strategist Lauren Goodwin.
Where to invest: Bonds and AI The strategist posits that over the next decade, interest rates are likely to remain elevated as neither party takes on deficit spending.
"So depending on the investor, what they're looking for, there is a way to balance this medium term potential for interest rate risk while still locking in higher rates."
Goodwin also sees investing around AI as a smart strategy long term, with large investments in the area continuing.
"But because we see not only the government and companies, but also the consumer use case for AI, we expect that investment to continue.
Persons:
Lauren Goodwin, Goodwin, Dominic Chu, that's
Organizations:
York, CNBC Pro
Locations:
Huntington Beach , California