Bloomberg Surveillance Bloomberg Surveillance TV: January 14, 2025
Jan 14, 2025
Emily Roland, Co-Chief Investment Strategist at John Hancock Investment Management, shares her insights on the market selloff as 2025 kicks off, discussing the anticipated choppiness ahead. Armin Papperger, Chairman at Rheinmetall AG, delves into the current state of the Ukraine conflict and its implications for defense strategies in Europe. Sonia Meskin, Economist at UBS, analyzes recent PPI data and its significance for inflation expectations. Together, they explore the complex interplay of global economics and geopolitical tensions shaping today's investment landscape.
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Dollar, Equities, and Value Stocks
- The US dollar's strengthening is impacting large-cap equities, as 40% of their revenue comes from abroad.
- A modest dollar pullback could help risk assets, while rising bond yields and inflation favor value stocks.
Conservative Portfolio Approach
- Adopt a conservative portfolio approach due to the current market environment.
- Watch for a potential mini bump in economic reacceleration and the self-limiting dynamic of rising treasury yields.
Housing Market Dynamics
- Rising inventories, particularly in previously popular migration destinations, indicate a shift in housing dynamics.
- This could impact the shelter component of CPI and broader cross-asset dynamics.