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

Creator website

Episode guests

Tracie McMillion

Janet Henry

Mandy Xu

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Episode notes

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.

Introduction

2min

Investment Caution and Market Outlook

7min

Market Update, Financial Planning Simplicity, and Economic Forum Announcement

2min

Federal Reserve's Rate Decision Timing

6min

Analyzing VIX Futures Curve and Market Volatility Expectations

2min

Market Volatility and Election Uncertainties

4min

Analyzing the Shift in Market Volatility and Rates

2min

-Tracie McMillion, Wells Fargo Head of Global Asset Allocation Strategy
-Janet Henry, HSBC Global Chief Economist
-Mandy Xu, CBOE Vice President & Global Markets Head of Derivatives Market Intelligence

Tracie McMillion of Wells Fargo says waning consumer confidence could soon impact companies' pricing power. HSBC's Janet Henry says the Fed is likely to either cut in September or December, given the 'unusual' nature of an election month rate cut. Mandy Xu of CBOE outlines how markets are pricing-in election-related volatility through the rest of the year.

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