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Bloomberg Surveillance

Bloomberg Surveillance TV: May 8, 2024

May 8, 2024
Tracie McMillion warns of consumer confidence impact on pricing power. Janet Henry predicts Fed cuts in September or December due to election month. Mandy Xu discusses how markets price election-related volatility.
20:44

Podcast summary created with Snipd AI

Quick takeaways

  • Waning consumer confidence may limit companies' pricing power, impacting consumer spending dynamics.
  • Forecasts suggest potential oil prices of $80-$90/barrel in 2021, advocating for diversified commodity investments for non-correlated assets.

Deep dives

Market Opportunities and Asset Classes Outlook

Market experts are cautious about both equities and fixed income, waiting for better opportunities to add to these asset classes. With fixed income yields over 5% at the short end of the curve, the comparison to equity opportunities seems limited. While 2024 might not hold significant upside potential for equities, the outlook for 2025 appears more promising.

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