Bloomberg Surveillance Bloomberg Surveillance TV: December 2, 2024
11 snips
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.
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Fed Rate Cut Impact
- The Federal Reserve might slow its rate-cutting pace in early 2025.
- This could impact equities if inflation concerns rise and limit cuts.
US vs. Europe Outlook
- US exceptionalism will persist in 2025, driven by the recent election.
- Europe faces challenges with a weakening economy in both manufacturing and services.
European Market Sentiment
- European valuations look attractive despite negative sentiment.
- Improvement in outlook or ECB intervention could shift sentiment.