Bloomberg Surveillance
Bloomberg Surveillance TV: April 25, 2024
Apr 25, 2024
Wells Fargo's Christopher Harvey bullish on S&P 500 target. T. Rowe Price's Blerina Uruci discusses US GDP and jobless claims. Michael Hirson talks politics around Secretary Blinken's China visit.
22:09
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Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Bullish 5,535 year-end S&P 500 target based on aggressive forward multiples and focus on profitable firms.
- Assessment of US economy expansion despite weaker GDP and jobless claims, with emphasis on market dynamics.
Deep dives
Market Projection and Economic Trends
The podcast episode delves into market projections and economic trends, emphasizing the shifting dynamics impacting stock market movements. The discussion centers on a projection of stock market growth based on aggressive forward multiples and a focus on profitable companies, particularly mega cap tech. The conversation highlights the market's aggressive discounting of future expectations and its implications on reaching forecasted levels.
