Finding Market Direction Amid Uncertainty
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 1 July 2026
⏱️ 30 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 SweeneyWednesday, July 1, 2026
Featuring:
1) Michael Purves, CEO and founder, Tallbacken Capital Advisors, joins to discuss market volatility, his S&P target, and potential for a market pullback.
2) Jill Carey Hall, Equity Strategist and Head: US SMID Strategy at Bank of America, joins to talk about her mid-year outlook for small cap stocks.
3) Lindsey Piegza, Chief Economist at Stifel, previews the jobs report and discusses her long-before-consensus rate hike call.
4) Jay Pelosky, Founder and Principal at TPW Advisory, talks about the US macro view and US debasement trade.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | The Exchange from The New Statesman. Weekly, in-depth, long-form interviews with guests, including Salman Rushdie. Would you say you are in the 11th hour of life? I hope I'm only in about the 9-4-10. I-Way-Way. So if you were to put on an exhibition called I-Way-Way, the last work, we shouldn't believe it. Actually, you shouldn't believe by anything I said. |
| 0:22.0 | And Masha Al Yokina from Pussy Riot. |
| 0:24.2 | Is there a world in which you could ever go back to Russia? |
| 0:26.0 | Politically, we exist there. Physically, we do not exist there. |
| 0:29.3 | Covering politics. |
| 0:30.5 | The most governmentally illiterate Labour Prime Minister in history. |
| 0:35.1 | Culture. |
| 0:35.8 | I'm not in the mood to take any risks lately. |
| 0:37.9 | Society, should education be a commodity? |
| 0:41.0 | No. |
| 0:41.4 | And philosophy. |
| 0:42.6 | Sex is both personal and political and public. |
| 0:46.9 | Listen, wherever you are listening to this. |
| 0:52.2 | Bloomberg Audio Studios. |
| 0:54.8 | Podcasts Radio News. |
| 1:01.9 | This is the Bloomberg Surveillance Podcasts. |
| 1:05.4 | Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. Listen on |
| 1:12.9 | demand wherever you get your podcasts or watch us live on YouTube. In the studio, we are thrilled |
| 1:19.1 | to have Michael Purvis with us. Are you not up north and northern New England? Because this is like |
| 1:23.5 | peak fly season. Right. Not yet. Yeah. We'll give it a couple of weeks. Give it a couple of weeks. Let let it dry out and all that and then away you go. I, so I went to the W.E. Ice Cream Paul Sweeney taught me how the VIX, first of all, Paul, yesterday, 16.27. Did we observe window dressing yesterday? Maybe. Right. And it's the end of the first half first half. Absolutely. Michael Purvis, what do you think? |
| 1:46.1 | In terms of the equity. People catching up. |
| 1:48.2 | Yeah. Well, it's been a pretty remarkable year. Obviously, earnings growth has been |
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