Bridgewater Associates’ co-CIO Karen Karniol-Tambour expressed a preference for equities over bonds, citing a resilient economy that may keep inflation high. Speaking at the iConnections Global Alts conference, she noted the potential for unexpected shifts in the macro environment due to policy uncertainties. While U.S. companies have improved in profitability, expectations are high, requiring about 9% earnings growth to justify current valuations. She emphasized the importance of diversification across markets, particularly highlighted by a recent tech selloff that impacted stocks like Nvidia. Karniol-Tambour advocates for a more resilient equity portfolio amid geopolitical tensions.