Goldman Sachs' chief economist sat down for a wide-ranging discussion on how two massive forces—artificial intelligence and trade tariffs—are set to reshape the economic landscape heading into 2025. The conversation zeroed in on a critical question: what does this mean for the real economy and stock valuations when these headwinds start hitting?

It's a conversation worth paying attention to. AI adoption is accelerating faster than most predicted, while tariff uncertainty has markets on edge. The intersection of these two factors could fundamentally alter how capital flows through different sectors.

For investors watching both traditional markets and crypto assets, understanding how institutional economists are thinking about these macro shifts matters. When equities move, crypto tends to follow—especially during periods of broader market repricing. The discussion touches on exactly the kind of structural shifts that could trigger significant portfolio repositioning across risk assets.