Bloomberg Surveillance Single Best Idea with Tom Keene: David Rosenberg & Alicia Levine
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Jul 25, 2025 Engaging discussions explore the intricate relationship between technology, job markets, and inflation. Insights reveal how infrastructure improvements impact economic trends and workers' wages. The conversation delves into current labor market complexities and indicators like rising grocery prices that signal inflation pressures. Furthermore, the dynamics of the S&P 500 showcase top-performing stocks and the critical need for investment in technology to foster future growth. Tune in for valuable perspectives on navigating today’s economic landscape!
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Real Wages Are Contracting
- Real wage income in inflation-adjusted terms is contracting even as the economy seems mixed in its performance.
- The labor market conditions and wage trends will be key to understanding inflation persistence and Fed decisions.
Persisting Grocery Price Inflation
- Grocery prices remain high even as rent deflation trends somewhat help disinflation.
- This suggests inflationary pressures may persist, influencing future economic conditions.
Watch CapEx Proof of Concept
- Monitor earnings growth driven by capital expenditures especially in big tech to confirm sustainability.
- Watch for proof of concept from CapEx as it must produce tangible earnings by 2026.