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The projected earnings growth for US large-cap growth stocks for the next 12 months is 28%, the highest it has been in 25 years.
A recent estimate projects that AI-related capital expenditures will reach $3 trillion by 2028.
A scenario of widening inflation breakevens combined with higher real rates would represent a vote of no confidence in US Treasuries.
Xi Jinping's strategy is heavily influenced by two lessons from Mao Zedong: China must be invulnerable to foreign pressure, and it must have a diversified economy with many trading partners.
For the first time in nearly 100 years, the United States has a peer competitor in China across military, political, technological, and economic domains.
A bill has been introduced in the US Congress to authorize military force, allowing the president to continue the current war through September 1st.
Sebastian Page of T. Rowe Price advises investors to hedge inflation risk by diversifying hedges to include short-duration positions like cash, short-term TIPS, metal stocks, energy stocks, and hedged equities.
T. Rowe Price has recently taken profits from its "broadening trade" and reallocated capital from international markets back to the US.
The United States is a net exporter of oil, making it less exposed to energy shocks than Europe.
Valuations for large-cap growth stocks are currently lower than their 5-year average.
Trailing price-to-cash and trailing price-to-sales metrics for some technology companies are currently higher than they were during the dot-com bubble.
Profit margins for large technology companies are currently double what they were during the dot-com bubble.