Bloomberg Businessweek
Powell Says Recent Data Raise Confidence Inflation on Path to 2%
Jul 15, 2024
Carlyle Co-Founder David Rubenstein discusses Fed Chair Jay Powell's optimism on inflation reaching 2%. David Konrad breaks down bank earnings, and Peter Atwater connects the economy to Wall Street. LinkedIn COO discusses AI in jobs, and Mary Ann Bartels gives investment insights.
37:31
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Quick takeaways
- The market is projecting sustained double-digit earnings growth over the next two years, driving equity markets.
- Concerns persist about potential market corrections or crashes akin to historical bubbles, emphasizing risk management strategies.
Deep dives
Market Trends and the Trump Trade
Recent market trends suggest a pivot towards cyclicals and away from technology, particularly semiconductors, following better-than-expected CPI reports. The market seems to be pricing in a potential Trump win after his performance in the Presidential debate. Earnings reports for the second quarter are expected to be strong, with potential double-digit growth in earnings forecasted for next year.
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