Bloomberg Surveillance
Bloomberg Surveillance TV: February 12, 2025
Feb 12, 2025
Lisa Shalett, CIO of Wealth Management at Morgan Stanley, shares her insights on the shifting landscape of the U.S. economy and markets post-Fed Chair Jay Powell's testimony. Mohamed El-Erian, President of Queens' College, Cambridge, weighs in on the latest inflation data, addressing challenges and expectations surrounding Federal Reserve policies. The discussion also touches on the potential impacts of tariffs, market volatility, and inflation on businesses, revealing how these factors intertwine to shape financial strategies and consumer experiences.
27:51
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Quick takeaways
- Market fundamentals are overshadowed by tariff anxieties, yet confidence in U.S. equities remains strong for growth-oriented investments.
- Concerns over the U.S. dollar's dominance are driving interest in gold and cryptocurrencies as central banks diversify their reserves.
Deep dives
Tariffs and Market Fundamentals
Anxiety regarding tariffs is currently overshadowing market fundamentals, leading to uncertainty among investors. The pace and unpredictable nature of tariff announcements create a distracted environment, which contrasts with the preference for market predictability. Despite this anxiety, there is confidence in the underlying strength of U.S. equities, suggesting that selecting companies with realistic expectations for growth will yield positive outcomes. Markets are encouraged to focus on businesses capable of exceeding these expectations rather than getting swept up in tariff-related chaos.
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