Bloomberg Surveillance Bloomberg Surveillance: A Stellar Year for Equities
Dec 29, 2023
Guests discuss a range of interesting topics, including investment strategies for the upcoming year, the ongoing legal saga with the Apple Watch, undervaluing geopolitical and US domestic risks, the latest in the Russia-Ukraine war, and a year of record demand for the international cruise line.
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Expect Vision Pro To Be A High-End Niche Product
- Expect the Vision Pro to be niche initially and target mixed reality enthusiasts and developers rather than mass consumers.
- Gurman predicts low daily retail sales per store and positions it similar to high-end Macs in pricing and demand.
Geopolitical And Domestic Risks Are Foundational Market Threats
- Markets are underestimating combined geopolitical and domestic political risk going into 2024, which can be foundational to market volatility.
- Terry Haines warns three regional conflicts plus cyber and space competition create a slow-moving broader conflict risk.
Plan For Prolonged Conflict Not Short Sharp Shocks
- Investors should not assume Ukraine Israel and Taiwan conflicts will be short; plan for prolonged volatility.
- Haines highlights ongoing Ukraine fighting, months-long Israel operations, and underappreciated Taiwan tensions as persistent risks.