TSMC(US:TSM) CNBC Television·2025-12-23 22:59Market Outlook & Investment Strategy - A weaker dollar generally supports buying assets in foreign currencies, with some expected to outperform others [1] - Emerging markets are typically sensitive to Fed rate hikes; a weaker Fed and benign rate outlook create a favorable environment for growth countries [1][2] - The industry anticipates Europe to deliver surprising EPS (Earnings Per Share) growth [2] - The industry suggests focusing on developed markets, with a mix of 75% developed and 25% emerging markets for investment [5] - The industry believes there's no need to take excessive risk to find strong growth and superior dividend growth opportunities [6] Specific Company & Sector Recommendations - European money center banks and European staples like Imperial and British tobaccos are highlighted as potential investments [2] - Siemens is favored, including for the data center trade [3] - ASML is favored due to strong order book [3][4] - Taiwan Semiconductor is considered a crucial semiconductor company [4][5] Macroeconomic Factors - Above-trend growth coupled with benign Fed dynamics creates a positive backdrop [5] - A 4.3% growth print indicates a strong economic environment [2]