Bloomberg Surveillance Bloomberg Surveillance TV: December 4, 2024
Dec 4, 2024
Lori Heinel discusses the uncertainty around Trump's policies and their potential impacts on the economy. Wei Li emphasizes a transformative market environment amidst shifting investor sentiment. Ian Lyngen highlights the market's focus on election outcomes rather than Federal Reserve movements. There's a spotlight on AI investments and tech earnings growth, alongside U.S. equities' projected dominance in 2025. The conversation also navigates interest rates, inflation challenges, and the importance of financial literacy in personal finance.
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Episode notes
Transformation Not Cycle
- BlackRock is overweight on US stocks due to the expanding AI theme.
- They see this as a time of transformation, not a typical cycle.
Private Market Growth
- Private markets are expected to double in AUM by the end of the decade.
- Infrastructure and private credit will play key roles in building and financing this transformation.
Bullish on US Equities
- BlackRock remains bullish on US equities, expecting earnings to broaden out.
- They believe current valuations don't fully reflect the transformative forces at play.