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Bloomberg Surveillance

Bloomberg Surveillance: 10 Surprises of 2024

Jan 2, 2024
Guests John Stoltzfus, Elliot Ackerman, Sarah Hunt, and Thierry Wizman discuss topics such as the importance of the consumer and jobs market in 2024, rising geopolitical tensions in the Middle East and Indo-Pacific, potential weaker economic scenarios indicated by six rate cuts, long positions on oil, and catalysts that could drag down stocks in 2024.
56:30

Podcast summary created with Snipd AI

Quick takeaways

  • Increased military confrontations could arise in Ukraine and the Korean Peninsula, while China may engage in aggressive war game tactics in the South China Sea.
  • Rising oil prices may reach $110 per barrel, impacting gasoline prices in the US and potentially benefiting companies like Exxon and Chevron.

Deep dives

Surprise 1: Foreign powers escalate military confrontations

There is a possibility of increased military confrontations by foreign powers as the West loses patience with the war in Ukraine and negotiations for a territorial split begin. North Korea, with support from Russia, may engage in skirmishes in the DMZ and threaten to invade South Korea. Iran could complete its nuclear buildup, leading to a direct attack from Israel. While China may not invade Taiwan, it could continue with aggressive war game tactics in the South China Sea.

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