
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.
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