By Carolina Mandl

NEW YORK (Reuters) – Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour said on Tuesday U.S. stocks are a "good thing" to hold, adding she expects robust economic growth under President-elect Donald Trump.

Speaking at a Yahoo Finance Invest event, Karniol-Tambour stated that the U.S. growth outlook is driving stocks higher, despite a rise in the 10-year Treasury yield to a four-month high following Trump's victory in the November 5 presidential election.

> "We probably still have room to run on growth, even under a scenario of tariffs with a lot of the unknowns," she said. Trump vowed during his campaign to impose tariffs on various imported goods, which experts warn could trigger a surge in inflation requiring interest rate hikes.

The benchmark S&P 500 index is up almost 5% since Trump's election victory.

Higher economic productivity, however, could help offset the impact of tariffs on inflation, Karniol-Tambour noted.