Bloomberg Surveillance
Surveillance: US Eco. Reacceleration with Bullard
Aug 24, 2023
Former St. Louis Fed President Jim Bullard discusses reacceleration of the US economy. Michael Darda predicts high probability of US recession. Max Kettner highlights bearish market sentiment. Diana Amoa talks about lackluster growth outside the US.
32:38
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Quick takeaways
- Global disinflation and lackluster growth outside the US make emerging markets attractive diversifiers of portfolios in the current cycle.
- Investors should consider diversifying their portfolios away from being overly exposed to China or the US and focus on countries like India and Mexico as strategically important manufacturing hubs.
Deep dives
Importance of Earnings in Supporting Equities
Despite higher interest rates, equities have been supported by strong earnings reported in the last season, especially in the tech sector. This gives investors confidence that companies can generate profits despite higher funding costs.
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