Bloomberg Surveillance Bloomberg Surveillance TV: September 12th, 2025
6 snips
Sep 12, 2025 John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., shares his optimistic view on the stock market amidst record highs. He highlights the influence of individual investors and tackles the implications of AI on jobs and the economy. The discussion touches on the labor market, rising jobless claims, and the Federal Reserve's monetary policies. Stoltzfus also reflects on the need for workforce preparation due to technical advancements. Overall, the conversation balances caution with potential for growth as we look ahead to 2026.
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Fed Can Give A Measured Boost
- John Stoltzfus sees modest Fed cuts as a 'free haul pass' given weaker jobs data.
- He argues trimmed cuts should add liquidity without derailing markets or the secular bull case.
AI Is A New Kind Of Growth Engine
- Stoltzfus views current AI-driven innovation as fundamentally different from the 2000 tech bubble.
- He believes AI can fill labor gaps and support a secular bull market despite short-term disruption.
Proactively Retrain Workers For AI
- Prepare for initial job losses from AI by investing in retraining and workforce transition programs.
- Corporations should step up training to redeploy workers into roles that complement AI capabilities.