Goldman's Hatzius and Kostin on Markets and Macro in 2025

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 2 December 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's trite to say that there is a high degree of uncertainty right now, for macro forecasters and investors. It also happens to be true. The new administration is promising major policy changes in areas like tariffs, immigration, and the size and scope of government. But even beyond that, there is near-term uncertainty over the outlook for the labor market and inflation. Furthermore, we're in an era of high stock valuations, high market concentration, and the AI wildcard. So in light of all this, we talked to Jan Hatzius, the Chief Economist and Head of Global Investment Research, and David Kostin, Goldman's top equity strategist, about what they're looking for in the year ahead.

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Wells Fargo seeks broad impact in their communities. They're focused on building a sustainable,
0:05.0	inclusive future for all by supporting housing affordability, small business growth, financial health,
0:10.5	and other community needs. That's why they've donated nearly $2 billion to strengthen local
0:15.9	communities over the last five years. Wells Fargo, the Bank of Doing. See how at Wells Fargo.com
0:22.6	slash say do. Wells Fargo's philanthropic support includes contributions from Wells Fargo and
0:27.1	Company, Wells Fargo Bank, N.A. and the Wells Fargo Foundation.
0:30.1	This is Tom Kean. I'm Carol Masser. And I'm Joe Matthew, and we want to tell you about
0:34.3	Bloomberg News Now. It's news when you want it on your schedule.
0:38.5	Subscribe to Bloomberg News Now on Apple, Spotify, or any podcast platform.
0:42.9	These are short audio reports, five minutes or less,
0:45.5	that bring you the latest headlines with context 24 hours a day.
0:49.1	Listen for just a few minutes to stay on top of the latest news from around the world.
0:53.4	Get it on your smartphone.
0:55.3	Subscribe to Bloomberg News Now on Apple Podcasts, Spotify, or anywhere you listen.
1:02.6	Bloomberg Audio Studios.
1:05.0	Podcasts, Radio News.
1:07.1	Music. News.
1:23.5	Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthall.
1:24.7	And I'm Tracy Allaway.
1:27.5	Tracy, it's my favorite time of year. You know what?
1:30.1	I was going to say the exact same thing.
1:32.0	I was going to make the exact same comment.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.