Bloomberg Surveillance Single Best Idea with Tom Keene: Cam Dawson & Mick Mulroy
Dec 10, 2024
This discussion dives into varied predictions for economic outlooks leading up to 2025, noting the crucial impact of inflation data. It explores bold consensus forecasts for double-digit earnings growth while addressing challenges faced in small-cap predictions. The conversation also unpacks the historical ramifications of Syria's collapse and U.S. military involvement in the Eastern Mediterranean, illuminating its influence on American foreign policy and future engagements.
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Earnings Growth and Market Optimism
- Cam Dawson's optimism for the market is grounded in the surprisingly high double-digit earnings growth projections.
- These projections, while promising, should be viewed with caution, as consensus estimates are not always accurate.
Caution on Consensus Estimates
- While consensus anticipates continued earnings growth into 2026, it's crucial to remember these are just projections, not guarantees.
- Small-cap earnings, for instance, have seen significant downward revisions this year, highlighting the fallibility of such estimates.
Discussion with Mick Mulroy
- Mick Mulroy, former assistant secretary of defense, discussed the collapse of Syria and the future of the Levant.
- This conversation followed a discussion about the impact of historical events, like the 1983 Beirut barracks bombing, on the U.S.'s role in the Middle East.