Bloomberg Surveillance

Bloomberg Surveillance TV: December 2, 2024

Dec 2, 2024

Ed Mills, Washington Policy Analyst at Raymond James, dives into the intricate world of US trade policy, addressing potential tariffs and their implications for the auto industry amidst changing leadership in Mexico. He discusses how these negotiations could shape relationships between the US and its neighbors. Alongside Seema Shah and Claudia Sahm, they evaluate investor strategies looking at payrolls, Fed strategies, and the impact of infrastructure legislation, all while navigating a market at all-time highs.

21:33

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Episode guests

Ed Mills

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Quick takeaways

Investors should remain cautious about potential economic and regulatory risks associated with infrastructure investments despite optimistic market conditions and growth opportunities.

The anticipated changes in U.S. trade policy, particularly regarding tariffs, could introduce volatility and necessitate strategic adjustments in investment approaches.

Deep dives

U.S. Infrastructure Development and Investment Opportunities

The recent passage of landmark infrastructure legislation marks a significant step toward modernizing American infrastructure. The GlobalX U.S. Infrastructure Development ETF, ticker PAVE, is strategically positioned to invest in a variety of companies that contribute to this development. With potential returns tied to infrastructure projects, investors should be aware of the inherent risks, including economic and regulatory changes that could impact these investments. As infrastructure-related projects ramp up, they offer opportunities for growth in sectors such as construction and technology.

Intro

2min

Equity Outlook: US vs. Europe

5min

Banking Performance and Infrastructure Investment Insights

2min

Tariff Talks and Political Tensions

8min

Analyzing the President-elect's Economic Team and Infrastructure Investments

2min

Driving Growth: The Supply Side Perspective

4min

Understanding Inflation: The Fed's Dual Mandate and Labor Force Dynamics

3min

- Seema Shah, Chief Global Strategist at Principal Asset Management
- Ed Mills, Washington Policy Analyst with Raymond James
- Claudia Sahm, Chief Economist at New Century Advisors

Seema Shah of Principal Asset Management discusses what investors looking ahead to with payrolls and a December Fed meeting with stocks at all-time highs. Ed Mills, Washington Policy Analyst with Raymond James, talks about how leaders from Mexico and Canada are approaching potential US tariffs. Claudia Sahm with New Century Advisors breaks down the Fed's 2025 approach.

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