Bloomberg Surveillance TV: June 5, 2024
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 5 June 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
-Emily Roland, John Hancock Investment Management Co-Chief Investment Strategist
-Bob Diamond, Atlas Merchant Capital CEO & Former Barclays CEO
-Tom Porcelli, PGIM Chief US Economist-Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy
Emily Roland of John Hancock sees an opportunity to lean into mid-cap stocks at attractive valuations. Atlas Merchant Capital CEO Bob Diamond says the biggest risk for the Fed is to cut too early, 'and then having to reverse course as inflation begins to grow.' PGIM's Tom Porcelli and BlackRock's Marilyn Watson react to softer-than-expected ADP jobs data and look ahead to Friday's payrolls report.
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.2 | Podcasts, Radio News. |
| 0:07.0 | This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa |
| 0:15.8 | Abramowitz and Anne Marie Hordern. Join us each day for insight from the best in |
| 0:19.8 | markets, economics and geopolitics. |
| 0:22.5 | From our global headquarters in New York City, |
| 0:24.7 | we are live on Bloomberg Television weekday mornings |
| 0:26.9 | from 6 to 9 a.m. Eastern. |
| 0:28.7 | Subscribe to the podcast on Apple, Spotify, |
| 0:31.2 | or anywhere else you listen. |
| 0:32.8 | And as always on the Bloombo Terminal and the Bloomburg Business app. |
| 0:36.3 | Emily Rowland of John Hullcock, investment management writing this. |
| 0:39.6 | We are not chasing the bad news is good news narrative. |
| 0:42.4 | Eventually bad news will just be |
| 0:44.6 | bad news. Emily joins us now for more. Emily how close are we to that point? |
| 0:49.2 | Are we at that point right now? Well to your point John it's just been a couple of days here but there's been some pretty |
| 0:55.6 | notable cross- asset trends we look at things like small cap equities yesterday they were |
| 1:00.3 | down over 1% even with that decline in yield. Over the past month we've seen the |
| 1:05.2 | 10-year Treasury yield decline from 470 to 435 and small cats have not kept up with their |
| 1:11.8 | large- cap counterparts. |
| 1:12.9 | Of course, the narrative that's been permeating the market, |
| 1:15.4 | a small cap should be the biggest beneficiary |
... |
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