23 April 2026 | Sunil Garg On CNBC's Squawk Box Aisa

Sunil Garg, Managing Director & Chief Investment Officer at Lighthouse Canton, shared insights on CNBC’s Squawk Box Asia highlighting just how complex the current macro environment has become.

The big dilemma for the Fed:‍

• Market expectations for rate cuts are building, and economic softening may warrant that.

• But inflation today is largely supply-driven and not necessarily going to be solved through monetary policy

• Cutting interest rates into a supply shock risks repeating past policy mistakes, as seen in the Arthur Burns era.

That leaves policymakers in a bind. The Fed’s hands appear tied, even as other central banks (ECB, Australia, Singapore) lean more hawkish.

So how should investors navigate this “wall of worry”?

Two clear strategies emerged:

Focus on structural, multi-year growth cycle themes: AI infrastructure remains a strong conviction. Geopolitical realities are accelerating investment not only into defense but also energy security, with nuclear as one area of the energy ecosystem.‍

Rethink diversification: Shifting between fiat currencies isn’t true diversification. Gold continues to stand out as a more credible hedge in uncertain times, despite short-term volatility.

Watch the full interaction below: