Bloomberg Surveillance Bloomberg Surveillance TV: February 18, 2025
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Feb 18, 2025 Brian Levitt, Global Market Strategist at Invesco, sheds light on market volatility and policy uncertainty. Scott Chronert, from Citi, shares insights on macroeconomic factors shaping equity markets, while Kevin Gordon of Charles Schwab discusses market dispersion and the future of U.S. equities. The conversation dives into recent inflation data, impacts of international tariffs, and shifting investor sentiment towards tech stocks, all amidst concerns over labor market dynamics and economic growth.
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Market Volatility and Policy Uncertainty
- Market drawdowns and volatility often stem from policy uncertainty.
- Investors should anticipate further volatility, especially regarding trade and industrial policy.
Broadening Market Participation
- The US stock market's prolonged outperformance, fueled by a few key names, is showing signs of broadening.
- Easing monetary policies in other regions and extended US valuations make international markets more appealing.
Growth, Rates, and Inflation
- Improving growth can limit central banks' ability to cut rates, potentially pressuring stocks.
- Higher nominal growth benefits corporate profitability, but rising inflation and subsequent Fed tightening pose risks.