Bloomberg Surveillance Single Best Idea with Tom Keene: Julia Coronado & Eric Balchunas
Mar 17, 2025
Explore the fascinating world of investment options, from stocks to cryptocurrencies, and the importance of personal well-being. Delve into the economic uncertainty ahead of a vital Federal Reserve meeting, where rate cuts might not suffice. Discover the Vanguard Effect and the rise of low-cost ETFs that provide stability in turbulent markets. Hear clever analogies comparing dating to long-term investments, alongside tips for mental health and financial planning, making this a must-listen for anyone navigating the financial landscape.
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Impact of Uncertainty
- Julia Coronado emphasizes the numerous uncertainties impacting the current economic landscape, including trade policy, immigration, and geopolitical events.
- These uncertainties hinder businesses' ability to make long-term decisions, such as hiring and capital expenditures, regardless of Fed rate cuts.
Vanguard Bid Analogy
- Eric Balchunas discusses the "Vanguard bid," where investors, particularly older ones, have shifted to low-cost index funds.
- He compares this to a "marriage" after "dating" active managers, signifying a long-term commitment to these funds.