Investors Gearing for Inflation Data as US Issues Israel Warning
May 9, 2024
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Scott Chronert discusses US recession outlook and rate cuts, Sarah House previews CPI and Fed speak, Wendy Schiller breaks down DC headlines and Israel-Hamas war
Investors are monitoring US recession and rate cuts outlook, while considering a shift towards European equities.
Shift in vacation destinations due to seriously underwater home mortgages and record-breaking heat in traditional spots.
Deep dives
Nationwide's Commitment to Simplicity in Financial Services
Nationwide emphasizes simplicity in financial services to help clients achieve retirement goals. By providing straightforward resources, they assist in retirement savings, health care costs, and other planning needs. This approach aims to streamline planning processes for financial professionals, enabling more focus on assisting clients.
European Equity Market Views and US Market Dynamics
Scott Crohnert from Citigroup discusses a more constructive view on the European equity market compared to the US in the second quarter. While emphasizing the strength of US equity fundamentals, factors like Fed timing and valuation continue to pose challenges. The discussion highlights a shift in focus towards European equities due to their favorable setup.
Trends in Underwater Home Mortgages and Impact of Record Heat on Summer Travel Plans
The rise in seriously underwater home mortgages is observed, with specific focus on states like Kentucky, West Virginia, Oklahoma, and Arkansas. Additionally, a shift in summer vacation destinations is noted, with vacationers opting for cooler places like Norway, Sweden, Finland, Southampton, and Fairbanks, influenced by record-breaking heat in traditional vacation spots.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyMay 9th, 2024 Featuring:
Scott Chronert, Citi Research Head of US Equity Strategy, talks about the outlook for a US recession and rate cutes
Sarah House, Senior Economist at Wells Fargo, previews CPI and discusses recent Fed speak
Wendy Schiller, Professor at Brown University, breaks down the latest DC headlines and the Israel-Hamas war
Bloomberg's Lisa Mateo with her Newspaper Headlines