Bloomberg Surveillance

Bloomberg Surveillance TV: May 13, 2024

May 13, 2024

Peter Tchir shares insights on the US economy shifting, NYSE President discusses round-the-clock stock trading, and Torsten Slok predicts no Fed rate cuts in 2024. The podcast covers market surveys, economic data, and Fed policy speculations.

26:20

Creator website

Episode guests

Torsten Slok

Lynn Martin

Peter Tchir

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

US exceptionalism narrative fading due to changing data trends.

Anticipation of stock market correction linked to high valuations and record buybacks.

Growing concerns around escalating debt levels and sustainability of fiscal policies.

Deep dives

Economic Outlook and Market Analysis

The speaker discusses potential shifts in the market sentiment as they observe a changing narrative indicating a potential economic slowdown. With recent consumer confidence data revealing concerns and decreased optimism, the focus shifts to factors like retail sales, trade tariffs impact, and Chinese competition exerting pressure on margins. The looming uncertainty in economic data and geopolitical dynamics may drive a narrative shift towards a more cautious outlook.

Introduction

2min

Economic Indicators and Market Trends Analysis

7min

Insights on Investment Opportunities and Market Behavior

2min

Exploring Round-the-Clock Trading and IPO Market Optimism

8min

Simplifying Financial Planning and the Value of Success

2min

Analyzing Inflation Trends and Economic Indicators

8min

Implications of Rising Debt Levels and Refinancing Needs for Investors

2min

-Peter Tchir, Academy Securities Head of Macro Strategy

-Lynn Martin, NYSE President

-Torsten Slok, Apollo Chief Economist

Peter Tchir of Academy Securities says the 'US exceptionalism' narrative has overstayed its welcome, believing the 'data started turning a couple of months ago.' NYSE President Lynn Martin discusses recent surveys of market participants about potential round-the-clock stock trading. Apollo's Torsten Slok overviews a busy week in economic data, maintaining his call that the Fed won't cut rates in 2024.

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