Bull Run’s Third Year Nears Close
Bloomberg Surveillance
Bloomberg
4 • 1.1K Ratings
🗓️ 3 January 2026
⏱️ 36 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Paul Sweeney & Alexis Christoforous
Wednesday, December 31st, 2025
Featuring:
1) Kristina Hooper, Chief Market Strategist at Man Group, on why gold remains a key hedge in a slowing economy and uncertain policy cycle.
2) Ian Wyatt, Chief Economist at Huntington Bank, on why inflation remains sticky despite moderating growth.
3) Eric Sterner, Chief Investment Officer at Apollon Wealth Management, examines how Fed changes and fiscal risks could shape 2026 market performance.
4) Lisa Sturtevant, Chief Economist at Bright MLS, discusses why 2026 will be a transition year for housing.
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Transcript
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| 0:39.5 | Listen to new episodes every Wednesday and follow Trumponomics wherever you listen. |
| 0:47.5 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:57.4 | This is the Bloomberg Surveillance Podcasts. |
| 1:00.7 | Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. |
| 1:07.6 | Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:12.6 | Our next guest, a bit of a contrarian, I'm going to call her. She's not quite as bullish as some of |
| 1:17.4 | our other guests have been about the outlook for equities in 2026. She's even talking maybe |
| 1:23.2 | possibly a recession. I don't know. Let's talk it over with Christina Hooper, Chief Market |
| 1:27.8 | Strategist at Man Group. Christina, great to have you here and an early, happy New Year to you and |
| 1:33.0 | your family. All right, let's talk about it. Are we going to be able to make this four |
| 1:38.1 | consecutive up years by double digits in a row for U.S. equities. |
| 1:51.1 | Well, that's a great question, Alexis, and I think we certainly could see that, but I think we have to anticipate more volatility. And in fact, I would expect some kind of significant sell-off |
| 1:57.9 | earlier in the year. Foreshadowing an economic downturn, arguably a modest recession, |
| 2:04.9 | and then a recovery. So I certainly think U.S. stocks could eke out gains next year, maybe even |
... |
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