Bloomberg Surveillance Bloomberg Surveillance TV: December 31, 2024
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Dec 31, 2024 John Stoltzfus, Chief Investment Strategist at Oppenheimer, shares keen insights into equity markets and economic forecasts. He suggests that the fear surrounding tariffs may be overstated. Pavel Molchanov from Raymond James anticipates continued rises in power prices, while Matt Miskin of John Hancock notes a significant uptick in market sentiment that could become a liability in 2025. The guests also discuss the transformative shift in energy markets from oil to electricity and the influential role of AI in shaping future investment landscapes.
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Mid-Cycle Market and Broadening Gains
- John Stoltzfus believes the U.S. equity market is still mid-cycle, supported by the pivot to easier monetary policy.
- He predicts double-digit gains in large-cap stocks will broaden to other sectors in 2025.
Opportunities, Risks, and Investor Behavior
- Stoltzfus suggests current market conditions offer both opportunities and risks, requiring tolerance for fluctuations.
- He emphasizes the importance of diversification and understanding one's investments.
Tariff Impact and Negotiation Dynamics
- Stoltzfus believes the impact of tariffs will be less severe than feared, due to the U.S.'s position as a major buyer.
- He expects negotiations to favor the U.S., as other countries will want to maintain export access.