Bloomberg Surveillance
Bloomberg Surveillance TV: December 20, 2024
Dec 20, 2024
Jordan Rochester, Head of Macro Strategy at Mizuho, and Jim Caron, CIO at Morgan Stanley Investment Management, dive into pressing economic issues. They discuss President-elect Trump's tariff threats, questioning their seriousness and implications. Caron highlights the recent equity selloff as a healthy market correction. The conversation also touches on currency trends, anticipated interest rate changes, and the potential impacts of infrastructure investments, offering a comprehensive outlook as 2025 approaches.
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Quick takeaways
- The podcast highlights how landmark U.S. infrastructure legislation and investments in firms like the GlobalX U.S. Infrastructure Development ETF could drive significant economic growth despite potential political risks.
- Discussions reveal the complex dynamics of U.S.-EU LNG trade relations, emphasizing how tariffs might still impact the evolving negotiations and economic outlook.
Deep dives
Impact of Infrastructure Investment
Recent landmark legislation for U.S. infrastructure opens the door for significant investment in companies that contribute to its development. The GlobalX U.S. Infrastructure Development ETF, known as PAVE, is a key player in this shift by investing in a variety of firms engaged in infrastructure projects across the nation. These investments aim to modernize and enhance the future of American infrastructure, posing potential benefits for economic growth. However, investors need to be aware of the associated risks, such as adverse regulatory or political changes that could affect the stability of these investments.
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