Bloomberg Talks Dana Peterson Talks Markets in 2026
Jan 2, 2026
Dana Peterson discusses the murky economic signals following the government shutdown. She points out the confusion in recent GDP data and calls for more clarity on inventories and trade. Highlighting shifts in consumer confidence, she notes a trend toward essential purchases and budget-friendly entertainment. Peterson also warns about the uncertain impact of tariffs on hiring and inflation. Despite a slowdown in wage growth, it still outpaces pre-pandemic levels, leaving varied effects on workers.
AI Snips
Chapters
Transcript
Episode notes
Data After Shutdown Is Unclear
- Official economic data after the shutdown is noisy and incomplete, so you must wait for upcoming releases to form a clear picture.
- Dana Peterson says inventories, trade, business sentiment and employment data next week are key to resolve third- and fourth-quarter confusion.
Stocks Aren't The Economy
- Financial markets don't accurately reflect the real economy and most people don't own stocks, limiting its signal value.
- Peterson warns against using market gains as a proxy for broad consumer health or labor conditions.
Consumer Confidence Shows Real Strain
- Consumer confidence has dipped to pandemic-era lows, reflecting worries about current conditions and the future.
- Peterson links business uncertainty around tariffs to weak hiring and shifting consumer spending toward cheaper experiences.