Bloomberg Surveillance: Tesla's 'Historic' Cybertruck
Bloomberg Surveillance
Economic Concerns and Investment Strategy
The chapter discusses the economic consequences of increasing credit card debt and 'buy now pay later' options, expressing concern about delinquencies and defaults. The speakers share their favorite sectors in the market and their caution in cyclicals, suggesting consumer staples, utilities, and healthcare as good sectors to consider. They also discuss the benefits and challenges of holding cash and the recent trend of investors piling into high yield bonds and cash for certainty.
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