Dr. Charles Lieberman, Co-Founder and Chief Investment Officer of Advisors Capital Management, joined Schwab Network’s Opening Bell to discuss the Federal Reserve’s interest-rate outlook, recent volatility surrounding artificial intelligence stocks, and areas of the market that may offer opportunity. Lieberman also shared his perspective on inflation, REITs, financial stocks, and energy investments.
Recorded: September 14, 2026
Key Takeaways
The Fed may need to raise rates further: Lieberman pointed to persistent inflation, strong economic growth, and rising corporate profitability as reasons the Federal Reserve may need to continue tightening monetary policy.
AI-related weakness may not reflect the broader market: While concerns surrounding AI have contributed to short-term volatility, Lieberman noted that many companies outside the AI trade continue to show attractive valuations and earnings growth.
REITs, financials, and energy remain areas to watch: Lieberman discussed real estate as a potential inflation hedge, improving fundamentals among select financial companies, and pipeline businesses as a comparatively lower-risk way to gain energy exposure.
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