Guests Kate Moore, Tiffany Wilding, and Henrietta Treyz discuss Big Tech earnings, US economy, inflation, and Congress' aid package. Topics include equity market questions, inflationary pressures, and Congress members' intentions. The podcast explores workplace stress, corporate strategies, FOMC anticipation, US exceptionalism, and foreign aid decisions for Ukraine, Israel, and Taiwan.
Big Tech earnings week crucial for equity market questions.
US economy's 'hot' status contrasts with inflationary pressures not easing.
Deep dives
Overview of Schwab Market Update Podcast
Get daily market updates from Charles Schwab covering US and global economic news, stock updates, monetary policy, and key statistics impacting trading. Hosted by Keith Lansford in a 10-minute information-filled recap. The podcast aims to provide concise market insights for listeners seeking to stay informed about market developments.
Insights on Earnings Expectations
BlackRock's Kate Moore discusses the possible upside risk in earnings surpassing current forecasts. Companies focusing on managing costs, labor, and strategic investments to deliver strong earnings. The podcast highlights the importance of constructive guidance and AI monetization in determining market sentiment for tech giants.
Challenges of Uncertainty in Corporate Decision Making
The podcast delves into the impact of geopolitical uncertainties and policy changes on corporate capital expenditure plans. Companies are cautious about making expansionary capex decisions amidst global uncertainties and upcoming elections worldwide. Decision-makers are balancing maintenance capex with strategic investment amid unpredictable geopolitical and economic landscapes.
US Economic Strength and Global Comparisons
US exceptionalism in the economy is attributed to larger fiscal stimulus, stable monetary policy pass-through, and stronger productivity growth compared to other regions. Challenges in European markets due to energy shocks and geopolitical factors. The podcast emphasizes the potential durability of US economic strength and its impact on monetary policy divergence among global economies.
-Kate Moore, BlackRock Global Allocation Team Head of Thematic Strategy -Tiffany Wilding, PIMCO Managing Director -Henrietta Treyz, Veda Partners Director of Economic Policy Research
BlackRock's Kate Moore says the week ahead for Big Tech earnings is the chance for large-cap stocks to answer critical questions about the equity market. PIMCO's Tiffany Wilding looks ahead to key GDP and inflation data, saying the 'hot' US economy isn't consistent with inflationary pressures moderating. Henrietta Treyz of Veda Partners says Congress' new aid package for Ukraine, Israel and Taiwan is a case of Congress members 'wanting to be on the right side of history.'