Fed Sent a Powerful Signal on Friday, Wessel Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 5 February 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
Chris Verrone, Strategas Research Partners Head of Technical Analysis, and Marcus Ashworth, Bloomberg Gadfly Columnist, take a close look at the market selloff. David Wessel, Brookings Institution's Hutchins Center on Fiscal and Monetary Policy Director, imagines that Fmr. Fed Chair Janet Yellen will continue to focus on labor markets in her work at Brookings. Michael Zezas, Morgan Stanley Chief U.S. Public Policy Strategist, says it's unclear what both sides are willing to accept in NAFTA negotiations to keep the trade deficit down. Margie Patel, Wells Capital Management Senior Portfolio Manager, says earnings look pretty good for the rest of the year.
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course on the |
| 0:56.4 | Bloomberg. |
| 1:01.4 | The big news is the big sell-off last week, the biggest weekly drop on the S&P 500 in more than two years and a big backup in Treasury yields as well. |
| 1:11.0 | Well through 3% on 10-year treasuries, Tom, and the |
| 1:13.6 | equity market very much softer through the whole of last week. |
| 1:16.8 | I want to bring in the guest, shall we, Marcus Ashworth, Bloomberg Gadfly |
| 1:19.1 | columnist and Chris Farone, strategic research, Head of Technical Analysis. |
| 1:24.4 | Chris, let's begin with you. |
| 1:25.9 | Was that a short-term sentiment shift, a regime change, or none of the above? |
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