Equity and Credit Trends
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 2 June 2026
⏱️ 37 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyTuesday, June 2, 2026
Featuring:
1) Francois Trahan, Chief Investment Strategist at BMO Capital Markets, talks about the macro forces that could alter market consensus.
2) Professor Michael Gatto, partner at Silver Point Capital and professor at Columbia University and Fordham, talks about how his book, "The Credit Investor's Handbook" for credit analysts and other headlines across the credit, private credit, and distressed debt landscape.
3) Ted Mortonson, Managing Director: Technology at Baird, talks tech headlines, software rebound, and the historic bull run in chip stocks.
4) Matt King, founder at Satori Insights, talks about his findings on AI utility with an extensive look at Claude Code, and how he expects its impact to ripple through markets.
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Transcript
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| 0:13.1 | at CBO.com slash US underscore disclaimers. Some follow the noise. Bloomberg follows the money, |
| 0:20.6 | because behind every headline is a bottom line. |
| 0:24.4 | Whether it's the funds fueling AI or crypto's trillion dollar swings, there's a money side to every story. |
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| 0:45.0 | Bloomberg Audio Studios, |
| 0:47.6 | Podcasts, Radio News. |
| 0:57.6 | This is the Bloomberg Surveillance Podcast. |
| 1:04.8 | Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. |
| 1:09.7 | Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:13.6 | Let's identify consensus and let's always think about what always will go wrong because consensus never gets it quite right. Francois |
| 1:18.7 | Trahan is excellent at this chief investment strategist, BMO Capital at market. Let's start with |
| 1:24.9 | what is consensus right now in the Trahan world? |
| 1:28.3 | Consensus is pretty constructive. It's pretty bullish, as it should be after my most stock indices in the U.S. are sitting here all-time highs. |
| 1:37.3 | And so I think people are very constructive. Unfortunately, when you get into that mode, you stop thinking about what could possibly go wrong. |
| 1:46.3 | And I think that's the most important question to ask when you're bullish. |
| 1:49.5 | And the answer this year, I think, is inflation. |
| 1:52.3 | And LinkedIn, the interest rates, Urien Timmer out on LinkedIn with a brilliant, brilliant chart, migrating the 5% 30-year bond, a higher yield. Link out of consensus in the |
| 2:04.6 | equity market with a 5.2, 5.4, 5.4, 5. whatever percent 30-year. I haven't seen it. |
... |
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