Kicking off the show, Hines Global Chief Investment Officer David Steinbach joins the discussion to delve into the ongoing shift within the global real estate market. Steinbach characterizes the current landscape as"a different sport" compared to previous years.analyzes the growing bullishness among fund managers regarding market dynamics. Hyman sheds light on the sentiment data, revealing that bullishness has reached its highest level since November 2021.
And so there's a lot of diversity there, you have to understand, but even within a city, it really matters about not only the location but the quality and real estate is becoming more of a service. Um Last year is about a third, Asia, third us, third Europe, for us, Europe definitely led the, the, the downward trail and has repriced the soonest.
Can you imagine that you go to your doctor's office and instead of having the interaction be about saying, did you get this test?So then the interaction is more about you saying I see that you've had the following.So that interaction is more again looking at each other and having true dialogue about what's next in your diagnosis.
On account of slower consumer spending, we got a retail sales number this morning is a bit more tepid signs of some cooling in the job market.So I think what we're seeing, I, I think they actually line up quite well. I think the data that we have seen recently in terms of CP I, in terms of the producer prices um is consistent with an economy that in an orderly way is becoming better aligned.
I think services, other services, we've seen some good news, but um I think there's some parts to that, that we're just gonna have to patient.More like November, December?So it seems to me that there are very plausible scenarios um where we, um you know, later in the year, it would be appropriate if we see strong continued good news on inflation and an economy that is aligning.
Thank you, Jennifer, the S and P 500 NASDAQ notched new record highs extending the rally while NVIDIA surpasses Microsoft to become the most valuable public company.You know, today is uh the global Fund manager survey as published by the Bank of America and this is something I look forward to every month.You get a feel for what uh asset manager they have two thirds of a trillion dollars under management.
And so we were talking here, it kind of feature that hot theme we're talking about now, which is like, yes, we have a rally but it's been narrow, really led by big tech and kind of, you know, outperforming everybody else.And to be fair, uh, most rallies historically are crowded trades, but this one is just a little bit more crowded than usual.Now, my second point here is com commercial real estate concerns.You were just telling me about a conversation you were having with a guest.
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