Bloomberg Intelligence

Bloomberg Intelligence: Bitcoin Surges Past $60,000

Feb 28, 2024

Bitcoin surges past $60,000 as experts discuss market outlook. Apple's shift away from electric vehicles impacts EV industry. U.S GDP data and politics analyzed. Insights on fixed income space and market trends. Challenges and future predictions for electric vehicle market. Economic factors, investment strategies, and market valuation concerns explored.

44:15

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Quick takeaways

Market anticipates normalization of yield curve and favors longer duration investments.

Upgrade corporate credit portfolios by moving up in quality, avoiding additional risk.

Agency mortgages offer attractive investment option with spread differentials compared to corporate bonds.

Deep dives

Inflation Has Peaked

The bond market has likely reached peak inflation and anticipates a normalization of the yield curve, leading to an inclination towards steepeners and longer duration investments. The market is set up for a modestly higher inflation outcome, but also exhibits signs of complacency and room for surprise in either direction.

Introduction

2min

Bitcoin, Ethereum, and Commodities Market Analysis

8min

Insights into Global Economic Factors Affecting Commodities Market

2min

Market Valuation Concerns and Investment Strategies

6min

Apple's Move Away from Electric Vehicles

4min

Electric Vehicle Market Challenges and Future Predictions

5min

Navigating Industry Shifts and Investment Challenges in the Auto Sector

2min

Economic Data Analysis and Biden Campaign Implications

8min

Political Dynamics and Bond Market

5min

10.

Navigating Economic Uncertainty and Credit Quality

3min

11.

Consumer Resilience, Economic Growth Factors, and Mortgage Market Insights

4min

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, joins to discuss the latest on Bitcoin. Ann Berry, Founder & Managing Partner at Threadneedle, discusses her outlook for the markets. David Welch, Bloomberg Detroit Bureau Chief, discusses how the sudden demise of Apple’s car program impacts EVs. Henrietta Treyz, Managing Partner and Director of Economic Policy at Veda Partners, joins to discuss U.S GDP data and politics. Jerry Cudzil, Group Managing Director and Generalist Portfolio Manager at TCW, discusses the latest on the fixed income space.

Hosts: Paul Sweeney and Alix Steel

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