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Bloomberg Intelligence
Wall Street Hit by US Recession Fears
Aug 5, 2024
Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence, and Michael McKee, Bloomberg's International Economics Correspondent, dive into the market decline driven by tech stock forecasts. They explore recession fears and what it means for Federal Reserve policy. Steve Miller discusses the recent ISM Services data, highlighting economic implications. Chris Watling offers insights into market trends, while Matthew Palazola analyzes Berkshire Hathaway's earnings and Warren Buffett's investment choices. The episode is a must-listen for anyone tracking the financial landscape.
46:04
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Quick takeaways
- The recent decline in the NASDAQ reflects unmet expectations for tech stocks, highlighting a need for investors to reassess growth sustainability.
- Indicators from the ISM indicate a potential recession, suggesting concerns about job growth and consumer sentiment in current market conditions.
Deep dives
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode