Disappointing 1Q for European Data, Santos Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 April 2018
⏱️ 35 minutes
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Summary
Vince Reinhart, BNY Mellon Chief Economist & Chief Investment Strategist, says in the long run, we're anchored by the growth of aggregate supply. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the hard data in Europe has disappointed. Elsa Lignos, RBC Global Head of FX Strategy, says RBC is forecasting some dollar strength into year end. And Mike Mayo, Wells Fargo Head of U.S. Large-Cap Bank Research, says JPMorgan is best in class for governance.
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| 0:00.0 | Do you love Elon Musk? Do you hate Elon Musk? Do you have no idea what to think about Elon Musk? |
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| 0:37.0 | listen wherever you get your podcasts. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:55.6 | Daily, we bring you insight from the best in economics, finance, investment, |
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| 1:04.3 | podcasts, SoundCloud Bloomberg.com and of course on the Bloomberg. A massive amount of attention being paid to the US 10 year treasury as it flirts with that 3% level. A level we haven't seen in more than four years. |
| 1:25.0 | This doesn't have to be bad news for risk assets. |
| 1:27.6 | In 2013, when yields search through 3%, the equity market delivered one of its best years of the bull market so far |
| 1:33.9 | with a gain of almost 30 percent. So why could it be different this time around? |
| 1:38.8 | I want to bring in Vince Reinhart, BNYMellon, Chief Economist and Chief Investment Strategist. |
| 1:43.7 | Vince always great to catch up with you. |
| 1:45.1 | Just walk me through that. |
| 1:45.9 | Why it could be different this time around. |
| 1:48.6 | We actually don't say that in my household. |
| 1:51.3 | This time is never different. I think the story is is the Fed |
| 1:57.2 | raising rates and seen as raising rates for the right reason I. E. the |
| 2:01.0 | economy's got momentum the equilibrium real federal funds rate is rising. |
| 2:05.8 | Think about it. |
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