Bloomberg Businessweek
Flutter CEO on the Business of Sports Betting
Dec 4, 2023
Flutter's CEO discusses plans for an IPO next year and the growth of sports betting. IWG CEO talks hybrid work model. Bloomberg editors explore Anduril's fighter jet device. Market outlook includes AI and trusted data, expectations for equities and international markets.
41:34
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The burgeoning business of sports betting is attracting interest, with gambling platform Flutter planning an IPO next year.
- The recent rally in the market indicates a closure of the performance gap between tech stocks and other sectors, potentially leading to a rotation into sectors that have been lagging, such as small caps, mid caps, and international stocks.
Deep dives
The Shift from Interest Rates to a Tailwind
The most important theme for next year is the shift from interest rates being the problem to a tailwind. The market is predicting that the Federal Reserve may cut rates sooner than expected, and if inflation remains soft and economic activity slows down, it could prompt the Fed to take action. This shift is expected to benefit cyclical sectors such as small caps, mid caps, and international stocks, as well as value stocks, which have been lagging behind. Tech stocks, particularly the Magnificent Seven, may continue to perform well, but most of the returns may already be priced in by the time the first rate cut occurs.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
