Bloomberg Surveillance Single Best Idea with Tom Keene: Mark Zandi & Eric Balchunas
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Jan 13, 2025 Dive into the latest economic shifts as recent job report revisions barely ripple the markets. Discover how rising long-term rates are reshaping investment strategies, especially for tech stocks and Bitcoin. Explore the impact of MicroStrategy's Bitcoin investments and the ongoing speculation around cryptocurrency. Plus, learn about an innovative podcast initiative aiming for concise storytelling, along with valuable insights on mental health and business management from industry experts.
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Interest Rates and Equity Valuations
- Rising long-term interest rates put pressure on equity valuations, especially for high-growth tech stocks.
- These stocks are often valued on future earnings, which are discounted more heavily with higher rates.
Value of Economic Discussions on Twitter
- Mark Zandi, Jason Furman, and others provide valuable insights on economics and finance via Twitter.
- Their informative feeds contribute to important debates, even if one doesn't always agree.
Bitcoin Investment and ETFs
- Tom Keene mentions a stop-limit buy order for Bitcoin at $110,000.
- He discusses Bitcoin's price volatility and the potential implications for Bitcoin ETFs with Eric Balchunas.