Bloomberg Surveillance Single Best Idea with Tom Keene: Claudia Sahm & Alan Blinder
Dec 6, 2024
Dive into the optimistic trends of the financial market as equity strategists adjust predictions for the year ahead. Discover how different demographics perceive recession, reflecting broader economic sentiments. Explore the importance of a strong labor market in addressing economic challenges and the shifting political landscape supporting the working class. Plus, learn about the impact of recent infrastructure legislation on investment opportunities and financial products.
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Listen to Equity Strategists
- Pay attention to equity strategists, especially those who are recalibrating their views.
- Study those who initially got it wrong, like David Rosenberg, as they adjust to market trends.
Recession vs. Hardship
- Public perception of "recession" reflects personal hardship, not the technical definition.
- Pockets of hardship always exist, even outside of official recessions, highlighting the need for a strong labor market.
Growth as a Solution
- Economic growth is the most effective solution for widespread hardship, according to Claudia Sahm.
- While not a complete fix, it addresses the root cause of many struggles.