Bloomberg Surveillance Bloomberg Surveillance TV: August 7th, 2025
Aug 7, 2025
Kate Moore, CIO of Citi Wealth, shares her expertise on navigating asset allocation and the bullish outlook for equities despite lingering policy uncertainties. Mark Hoplamazian, CEO of Hyatt, provides insights into the travel industry's resilience and the effects of tariffs on consumer behavior. They discuss how consumer confidence is evolving in the face of economic challenges, and explore the balancing act the Federal Reserve faces with interest rate decisions. Together, they paint a picture of a changing economic landscape filled with both challenges and opportunities.
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Cautious Equity Strategy
- Kate Moore prefers a neutral equity weighting with a bias to high quality, large caps amid policy uncertainty.
- She sees cautious optimism but expects only shallow market pullbacks, not deep corrections.
Tariff Impact Unfolding
- The impact of tariffs is gradually being absorbed in corporate margins and consumer prices.
- Companies are uncertain how much cost they can pass on to consumers and some tariff impacts are still becoming durable.
Strength of U.S. Earnings
- U.S. corporate earnings remain strong, supporting the equity market despite tariff concerns.
- Investing globally still often means owning U.S. companies due to their quality and global reach.