On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,

Bloomberg Green will convene the foremost leaders in business, finance, policy, academia,

and NGOs for candid conversations focused on creating solutions to support

the goals set forth at COP28. Join our community of global influencers and

problem solvers in Dubai to build connections, inspire innovation, and challenge the status quo in the

battle against climate change. Register at Bloomberg Live. I'm Tom Keene.

Daily, we bring you insight from the best

in economics, finance, investment,

and international relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com. And of course,

soundcloud, Bloomberg.com, and of course, on the Bloomberg. I'm really pleased to say that Kate Moore is in the studio with us here in New York

Black Rock Investment Institute Chief Equity Strategy. She likes stocks over

bonds. I'm sure she does and we're going to get into that in a moment. I just want to begin Kate with saying good morning.

Good morning. Welcome to the crazy house here in New York and Brussels to Bloomberg surveillance radio.

For what it's worth Tom, I don't always say stocks over bonds.

There are environments where I can imagine fixed income returns being OK.

But for most of the investors that we speak to over the time

horizons they invest in it pays to kind of weather the volatility in stocks and

to really you know if you're going to shift in sort of tilt your portfolio more towards

quality and more uncertain times it just still pays to stay invested so yeah we are

continuing to recommend stocks over bonds although as we noted in surveillance, lower conviction.

Let's just develop your framework for thinking about the global economy and the global market

...