Bloomberg Surveillance

Bloomberg Surveillance TV October 23, 2024

Oct 23, 2024

Ben Gutteridge, a multi-asset strategies expert at Invesco, shares a positive outlook on equities amidst election uncertainty. Political analyst Evan Roth Smith discusses the tight race, suggesting favorable polling for Kamala Harris. Matt Hornbach from Morgan Stanley highlights the bond market's cautious trends, advising investors to stay close to their benchmarks while waiting for new opportunities. Together, they explore how these dynamics shape market resilience and investment strategies ahead of critical political events.

20:03

Creator website

Episode guests

Matt Hornbach

Evan Roth Smith

Ben Gutteridge

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Current market conditions indicate resilient growth and moderating inflation, suggesting a positive long-term outlook for equities despite short-term volatility.

The bond market remains stable amid rising yields, driven by expectations of sustained growth and effective management, making careful positioning essential for investors.

Deep dives

Outlook on Equities

Current market conditions are generally supportive for equities, as indicated by resilient growth and moderating inflation. The discussion highlights that while the potential for significant market reactions may arise from the upcoming election outcome, historical trends suggest that markets tend to stabilize over time. The dynamics of the U.S. economy, along with effective management and innovation within businesses, suggest that stock markets are likely to overcome fluctuations surrounding political events. Therefore, despite short-term volatility, a positive long-term outlook for equities is maintained.

Intro

2min

Market Resilience Amid Economic Shifts

5min

Innovative Risk Management and Growth in Financial Advisory

2min

Understanding Bond Market Dynamics in the Face of Political Changes

5min

Analyzing the Resilience of the U.S. Dollar

3min

Elections and Electoral Strategies

7min

The Importance of Therapy and Actionable Marketing Insights

2min

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.

- Ben Gutteridge, Invesco Portfolio Manager - Multi-Asset Strategies
- Evan Roth Smith, Blueprint
- Matt Hornbach, Morgan Stanley

Ben Gutteridge of Invesco thinks stocks can make it through the election in a positive fashion. Evan Roth Smith of Blueprint says the election is a 50-50 race, but the odds of a polling error would likely be in favor of Kamala Harris. Matt Hornbach of Morgan Stanley says, "What we've been telling investors is to hug their benchmarks tightly, and wait for opportunity to rise in the wake of the election."

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