Apollo Global Management: New 60/40 Portfolio Split Is AI vs. Non-AI, Says Chief Economist

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According to Guru Club, Apollo Global Management Chief Economist Torsten Slok said on July 17 that the classic 60/40 stock-bond allocation has become obsolete, replaced by a new framework: 60% AI-related exposure and 40% non-AI. Slok noted that AI momentum has permeated not only equities but also corporate debt and venture capital markets, making it nearly impossible for investors to avoid AI risk exposure. While the "Magnificent Seven" tech stocks have performed strongly, he emphasized the critical question is whether AI benefits will eventually spread to the remaining 493 companies in the S&P 500.
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