Why Stocks Can Keep Rallying Even If The Fed Does Nothing

• Bullish on equities due to demographic shifts (baby boomers moving into a savings economy) and technological innovation (AI, productivity).
• These macro trends are expected to dampen inflation, making equities more appealing than bonds.
• Clough Capital's strategies involve balancing high-growth, innovative companies (e.g., AI infrastructure, energy needs) with stable, defensive names.
• Shorting consumer staples and certain software services, while longing cruise lines, based on specific economic and demographic impacts.

Vince Lorusso of Clough Capital maintains a bullish outlook on equities, driven by long-term demographic shifts towards a savings economy and accelerating technological innovation, particularly in AI. He believes these macro trends will dampen inflation and make equities more attractive than bonds, largely independent of short-term Fed rate decisions. Clough Capital employs both long-only and long-short strategies, balancing growth with defensive names.