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Bloomberg Businessweek
Bond Traders Await US Inflation Data Behind Half of 2024’s Rout
May 13, 2024
41:38
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Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick and Bloomberg News International Economics & Policy Correspondent Michael McKee discuss the anticipation of the April consumer-price index release impacting bond traders. Steve Brown from American Century Investments talks about investing in REITs, while Ian King explains the semiconductor competition between the US and China. Drive to the Close with Ben Beneche from Tourbillon
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Quick takeaways
- US inflation data will test recent market rally driven by Fed reassurances on interest rates.
- US and allies compete with China for semiconductor dominance through increased domestic investment.
Deep dives
Valuation Discrepancy between US and Overseas Markets
Overseas markets present a deeper opportunity set compared to the US market due to more attractive valuations. While the S&P trades at around 26 times earnings, developed international markets and emerging markets trade at around 16 times, indicating a more favorable valuation overseas.
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