Bloomberg Surveillance Single Best Idea with Tom Keene: Wei Li & Anna Wong
Jul 18, 2025
Explore the resilience of the stock market amidst economic challenges, comparing today's landscape to past crises. Delve into the shifts in investment strategies influenced by AI and the necessity for selectivity in today's environment. Unpack job market trends and the implications of looming job losses, while addressing past misleading gains. Insights from key Federal Reserve figures bring a deeper understanding to various economic theories in play.
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Market Dynamics Changing
- Post-global financial crisis, rising tides lifted all boats regardless of fundamentals.
- Now, with transformations like AI, market dispersion is greater and active management yields more alpha.
Jobs Report Seasonal Distortion
- The upcoming July jobs report should show over a million losses in local government jobs.
- Previous reports were distorted by seasonal adjustment in the local education sector.
Freshwater vs Saltwater Economics
- Freshwater and saltwater economics describe contrasting US regional economic philosophies.
- These perspectives still strongly influence economic policy and debates today.