The lesson that we know about years when there's down earnings or not a very good earnings year is that the market A number one kind of anticipates that the year before, which is why you have a down year like we had last year. And then secondly, it starts to anticipate an earnings recovery year, the following year, which iswhy you get a rally into the end of the down earnings year. I think that as long as the economy holds in there, the market will price put a high multiple on next year's earnings estimate at least this year.
Bloomberg News Equities Reporter Ryan Vlastelica and Bloomberg News US Semiconductor & Networking Reporter Ian King discuss Nvidia’s market valuation crossing the $1 trillion threshold on Tuesday after its artificial intelligence prospects vaulted the chipmaker into an elite club of just five American companies. Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management and Yelena Shulyatyeva, Senior US Economist at BNP Paribas, break down the impact of Fed policy on the US markets and economy. Glenn J. Williams, CEO of Primerica, shares his insight on the mood of the middle-income investor. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Tech and VC Reporter Priya Anand talk about Priya's Businessweek story Assault Allegations Plague a $1.4 Billion Home Eldercare Startup.
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