ChatGPT isn’t going to be a stock-picking genius.

Fund managers argue that bonds, particularly higher-rated ones, will be able to better weather any economic slowdown, whereas stocks would suffer more if the Federal Reserve fails to navigate a soft landing.

Companies are likely to pay increasing attention to their behaviors related to ESG factors because the cost of capital impacts competitiveness.

Holding 60% of portfolios in stocks and 40% in bonds, revered as reliable for decades, fell 17% last year, the worst performance since 2008.

The S&P 500 has proved to be remarkably resilient in the six months before downturns.

At the Morningstar Investment Conference on Tuesday, the NYU professor said legislators and regulators should take responsibility for the ills that ESG investors seek to remedy.

Investors should not count on a return to the negative SBC relationship of the past 25 years.