Bloomberg Surveillance Inflation and Market Outlook Amid a Second Trump Admin
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Dec 12, 2024 Join Jeffrey Rosenberg, a Portfolio Manager at BlackRock, and Lindsey Piegza, Chief Economist at Stifel, as they delve into the complexities of inflation and interest rates in the current market. They discuss the potential for rate cuts and the implications of a second Trump administration on economic policies. Rosenberg dives into fixed income strategies while Piegza offers insights on consumer spending trends. Together, they navigate the intricate landscape of economic resilience and the evolving political dynamics shaping investment opportunities.
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Fixed-Income Market Complexity
- Making the right fixed-income decisions is currently challenging due to many cross-currents in the market.
- Despite a seemingly calm surface, the fixed-income market is constantly active, with events like the ECB day influencing activity.
Adapting to Evolving Markets
- Jeffrey Rosenberg's education at Carnegie Mellon's Computational Finance program taught him how to adapt and learn continuously.
- This skill has allowed him to navigate evolving markets, including the rise of credit derivatives, not present during his education.
Unique Nature of Current Credit Cycle
- While credit cycles are recurring phenomena, they exhibit variations based on the specific financial environment.
- The current cycle is unique due to unprecedented liquidity expansion resulting from central bank interventions after the GFC.