Bloomberg Surveillance Bloomberg Surveillance TV: January 30, 2025
Jan 30, 2025
Cameron Dawson, Chief Investment Officer at New Edge Wealth, shares insightful analysis on the current state of the economy and financial markets. She discusses the effects of interest rate fluctuations on market trends, particularly in the AI sector. The conversation dives into the challenges investors face amidst economic uncertainties like stagflation and disrupted supply chains. Dawson also explores how fiscal policy decisions, including potential increases in long-end yields, are shaping investor sentiment and market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Yields and Growth
- Yields need to come down for longer-term economic growth and earnings reacceleration.
- A 4.5% yield is a line in the sand, where higher rates restrain multiples, even with better growth.
Earnings and AI
- It's show-me time for earnings, separating winners and losers.
- A key theme is adopters versus enablers in AI, favoring software over semiconductors.
AI Adoption
- The market pivot towards AI adopters has already happened.
- True broadening out will occur when AI diffuses into the broader economy, impacting small-mid cap companies.