Bloomberg Surveillance Tech Spending in Focus as Nvidia Report Looms
6 snips
Nov 19, 2025 Win Thin, Chief Economist at Bank of Nassau, offers insights on labor market trends and the potential for Fed easing, suggesting it could boost equities. Scott Diamond, Co-Head of Goldman Sachs' Municipal Bond Team, discusses the heavy issuance in the muni market, explaining strategies for accessing these bonds and predicting sustained issuance into 2026. Together, they dive into the macroeconomic landscape, including the impact of AI on capital expenditure and the evolving dynamics of the municipal bond market.
AI Snips
Chapters
Transcript
Episode notes
AI Growth Is Concentrated But Early
- AI-driven gains are concentrated in index representation but still in early innings of economic impact.
- Much AI investment has been funded from cash flow, keeping valuations grounded relative to earnings growth.
Use Seasonal Cash Flow As Entry Points
- Watch for corporate cash and bonus-season inflows as seasonal liquidity supports markets.
- Use pullbacks to reallocate sidelined cash into opportunities rather than timing perfection.
Jobs Data Trumps Inflation For Fed Timing
- Labor data will drive Fed decisions more than near-term inflation noise.
- Weakening jobs trends could rapidly restore market expectations for rate cuts.