Morgan Stanley: U.S. Economy Cooling Off, Not Cold
Morgan Stanley Chief Global Economist Seth Carpenter says that a soft landing remains the most likely outcome for the U.S. economy. Speaking with Tom Keene on Bloomberg Surveillance, Carpenter added that while more drag from monetary policy is likely to slow the market in the months ahead, recession is still not the base case scenario.
A Tale of Two Tapes
Stonebriar Wealth Management President Joe Davis joins Asset TV on the floor of the New York Stock Exchange to unpack both the bull and bear case for the U.S. economy.
Fidelity: China Stocks Remain ‘Top Call’
As forecasters slash growth estimates for China amidst weakness in the property sector, many investors have turned bearish on the world’s second-largest economy. But according to Fidelity International Director Catherine Yeung, they may be missing one of the most attractive buying opportunities in years. Speaking on Bloomberg Daybreak: Asia, Yeung made the case for Chinese equities, arguing that from a valuations perspective, the bad news appears to have already been priced in.
JPM: First-Half Performance Too Good to Be True?
Despite interest rate hikes across global Central Banks, equities markets have defied conventional wisdom and rallied throughout the tightening cycle. But according to JP Morgan Asset Management’s Karen Ward, perhaps this scenario has been too good to be true. Speaking on Bloomberg’s The Pulse, Ward expressed an expectation that tougher times are ahead–including the recession that could finally put a cap on inflation.
Global X Launches Two Active Emerging Markets ETFs
Global X just announced the first active Brazil and India ETFs available to US investors. The ETF provider with more than $1 billion in AUM explains why these two EM economies could be strong investment opportunities as they enter cycles of domestic consumer-driven growth.
Mercer Global Investment Chief Talks Jackson Hole, Big Tech & China
Mercer Global Chief Investment Strategist Rich Nuzum joins Gillian Kemmerer on the floor of the New York Stock Exchange ahead of the NVIDIA earnings release to discuss big tech's role in the equity bull market, the upcoming Jackson Hole Symposium, rising yields on the 10-year U.S. Treasury and his outlook for China.