The top investing mind at Citi Global Wealth believes a long-awaited economic slowdown isn't around the corner — it's in the rearview mirror. Job creation is starting to slow , the investment chief noted, but lower interest rates could certainly change that. Higher earnings will be driven by lower wage growth and improved productivity from innovations like artificial intelligence, Bailin said. As for stocks, Bailin prefers funds tracking the equal-weight version of the S&P 500 as earnings rise across the board. Growth stocks have carried the market this year, and the investment chief said he continues to prefer the group to cyclicals despite his rosy economic outlook.

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Persons: David Bailin, —, Bailin, slowdowns, I've, Bailin doesn't, — they'll Organizations: Citi Global Wealth, Business, Investors, Federal Reserve, Citi, Goldman Sachs, Management