Wellington Management's Andrew Heiskell on U.S. state capitalism, exceptionalism, and AI mega-IPOs

Andrew Heiskell, equity strategist at Wellington Management, says investors should pay close attention to signals of where the U.S. government is committing capital, to be cognizant of retail demand for the upcoming SpaceX IPO given Elon Musk's "halo" effect, and that a lot of capital is "just on the verge" of flowing back into emerging market equities.