Bloomberg Surveillance

Bloomberg Surveillance TV: September 13, 2024

Sep 13, 2024

Max Kettner, Global Research Chief Multi-Asset Strategist at HSBC, analyzes recent equity market volatility and anticipates the upcoming FOMC policy meeting. Sharon Miller, Co-Head of Business Banking at Bank of America, notes a sense of cautious optimism among small business owners with potential Fed rate cuts ahead. Tiffany Wilding, an Economist at PIMCO, and Troy Gayeski, Chief Market Strategist at FS Investments, discuss the implications of these cuts on both the economy and credit markets, highlighting the resilience of small businesses amid inflation.

29:14

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Quick takeaways

Analysts express cautious optimism about U.S. equities despite recent market volatility, highlighting the importance of diversifying investment strategies.

Small and mid-sized businesses anticipate interest rate cuts, expecting these changes to improve cash flow and stimulate growth opportunities.

Deep dives

Market Perspectives on Risk and Opportunity

Current market dynamics are viewed less bearish, with analysts advocating for U.S. equities despite recent shifts in risk assessment. High yield returns remain relatively stable, leading to considerations about whether other asset classes might provide better carry due to tighter spreads. This shift from a max overweight on high yield reflects a transition towards diversification, indicating that foreign market opportunities may offer enhanced returns. The sentiment underscores a balance between risk management and seizing potential growth opportunities amid evolving economic conditions.

Intro

2min

Navigating High-Yield Debt and Emerging Markets

6min

European Investors' Outlook on US Assets

4min

Small Business Resilience Amid Inflation

4min

Shifts in Banking Dynamics and Economic Trends Post-Pandemic

2min

Interest Rates and Economic Outlook

8min

Analyzing Bonds and Federal Reserve Policy in a Changing Economy

2min

Analyzing Inflation Trends and Market Assumptions Post-Pandemic

2min

Navigating Market Inefficiencies: Perspectives on Inflation and Mergers

4min

-Max Kettner, HSBC Global Research Chief Multi-Asset Strategist
-Sharon Miller, Bank of America President and Co-Head of Business Banking
-Tiffany Wilding, PIMCO Economist
-Troy Gayeski, FS Investments Chief Market Strategist

Max Kettner of HSBC recaps a volatile two-week stretch in the equity market and looks ahead to next week's FOMC policy meeting. Sharon Miller of Bank of America says she's sensed 'cautious optimism' among small business owners with Fed cuts on the horizon. PIMCO's Tiffany Wilding and Troy Gayeski of FS Investments walk through the implications of the Fed cutting rates by a quarter-point or more.

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