Bloomberg Surveillance Bloomberg Surveillance TV: April 1, 2025
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Apr 1, 2025 Francisco Blanch, Head of Global Commodities & Derivatives Research at Bank of America, dives into the shifting landscape of commodities amid growing equity uncertainty. He discusses the surging demand for gold fueled by geopolitical tensions and central bank purchases. The conversation highlights how proposed tariffs could impact the economy and drive investment strategies. With insights on the resilience of economic indicators and wealth management solutions, Blanch sheds light on navigating today's tumultuous financial terrain.
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S&P Target Lowered
- Ed Yardeni lowered his S&P 500 target due to the impact of tariffs.
- He believes the tariffs create uncertainty and dim the prospects for economic growth.
Mixed Economic Signals
- Current economic data looks positive, particularly in the labor market.
- However, forward-looking indicators suggest potential economic slowdown due to tariffs and policy uncertainty.
Tax Cut Importance
- Extending tax cuts is crucial to avoid negative economic consequences.
- The current political climate adds complexity to passing tax cut extensions.