Bloomberg Surveillance Bloomberg Surveillance TV: March 24, 2025
Mar 24, 2025
Jean Boivin, Global Head of Research at BlackRock, shares insights on the pressures facing US equities amid tariff discussions. He elaborates on potential market boosts and risks within global trends. Kathy Bostjancic, Chief Economist at Nationwide, analyzes recent economic data, revealing concerns about US growth and consumer behavior amidst economic uncertainties. The conversation also highlights influences of artificial intelligence on economics and the evolving dynamics in retail and small business challenges.
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US Equities Outlook
- BlackRock’s Jean Boivin favors US equities due to easing policy uncertainty.
- He believes in a global rate reset higher, influenced by widespread fiscal spending.
AI's Impact on Equities
- Boivin acknowledges a repricing of rates but remains bullish on AI's potential.
- He believes AI can drive equity returns even with moderately higher rates.
AI's Impact on US and China
- Boivin believes both the US and China will benefit from AI advancements.
- He favors the US due to a more comfortable macro perspective.