Midyear Outlook for Equities and ECB Decision
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 June 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyJune 6th, 2024
Featuring:
- Steve Wieting, Chief Investment Strategist at Citi Global Wealth, on Citi's midyear market outlook and whether the equity rally can sustain itself through the year
- Mike Wilson, CIO with Morgan Stanley, on the firm's midyear outlook and potential for a soft landing
- Monica Defend, Head of the Amundi Institute, on the ECB decision and outlook for Euro economies
- John Stoltzfus, Chief Investment Strategist at Oppenheimer, on the stock market marching in place
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.2 | Podcasts, Radio News. |
| 0:07.0 | This is the Bloomberg Surveillance Podcast. |
| 0:14.0 | I'm Tom Keene along with Paul Sweeney. |
| 0:16.0 | Join us each day for insight from the best in economics finance investment |
| 0:21.0 | and international relations. You can also watch the show live on YouTube. |
| 0:26.0 | Visit the Bloomberg Podcast Channel on YouTube to see the show, |
| 0:30.8 | weekday mornings from 7 to 10 a.m. Eastern from our global |
| 0:34.2 | headquarters in New York City. |
| 0:36.3 | Subscribe to the podcast on Apple, Spotify, or anywhere else you listen and |
| 0:40.9 | always on Bloomberg Radio, the Bloomberg Terminal and the |
| 0:44.7 | Bloomberg Business App. We have in the front row right now in the shock of these |
| 0:50.2 | markets the perfect guest. Stephen Whiting is with Citigroup and just to say the least he is steeped in the linkage of our economics to our market Steve I can't think of a better person to start with is our economics linked to our Good morning, Tom. |
| 1:03.0 | Is our economics linked to our stock market right now? |
| 1:07.0 | Well, it is, but it is out of sync in some ways from the way it has been in the past. |
| 1:12.0 | We have been just looking back at the |
| 1:15.0 | last year and a half in a period of poor corporate profits with a few |
| 1:19.7 | magnificent exceptions. If you take a look at global EPSX mag seven, |
| 1:26.6 | it was about negative 7% last year. |
| 1:30.0 | And we now see it recovering while the labor market, which was torrential. |
| 1:36.0 | In terms of its rebound from the pandemic is slowing down. |
| 1:39.8 | So slowing employment and rising corporate profits. |
... |
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