How Equities are Pricing in Trump Policies
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 February 2025
⏱️ 42 minutes
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Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 6th, 2025
Featuring:
- Amy Wu Silverman, Head of Derivates Strategy for RBC, joins to discuss how options markets are digesting the recent headline risks and what investors are staying the course
- David Rosenberg, founder and President at Rosenberg Research, joins for an extended discussion on equity bullishness and whether Jay Powell is managing a soft landing, and also outlines upside inflation risks
- Wendy Schiller, professor at Brown University, on the slew of headlines out of Washington and President Trump's newfound imperialism in his first three weeks of his second term
- Lisa Mateo on newspapers
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Transcript
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| 0:00.0 | Get your daily market preview on projected stock updates, monetary policy decisions, and key results in statistics that may impact your trading. |
| 0:08.2 | Schwab Market Update is an original podcast from Charles Schwab. Listen today at Schwab.com slash market update podcast or wherever you get your podcasts. |
| 0:17.0 | Donald Trump has already changed the way we think about the US economy. Now he's back in the |
| 0:22.1 | White House and Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, |
| 0:28.1 | head of government and economics at Bloomberg. Whatever the big question of the week is, |
| 0:32.5 | we'll have something interesting to tell you about it in a lively conversation with the |
| 0:36.5 | reporters and analysts closest to the action. |
| 0:39.2 | Listen to new episodes every Wednesday and follow Trumponomics on Apple Podcasts, Spotify, or wherever you listen. |
| 0:49.1 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:59.0 | Thank you. Audio Studios. Podcasts Radio News. This is the Bloomberg Surveillance Podcast. Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app. Listen on demand wherever you get your podcasts or watch us live on |
| 1:13.3 | YouTube. The conversation of the day, Amy Will Silverman joins us from the Royal Bank of Canada, |
| 1:18.5 | RBC Capital, at markets. Amy, you take the four cross moments and you bring it into the dispersion |
| 1:26.4 | in the market, the huge variance of opinions. |
| 1:31.0 | How does one navigate the markets with such wide dispersion? |
| 1:37.1 | Hi, Tom. Yeah, it's a great question. It's one that folks have been noodling on because when you |
| 1:42.2 | do have high dispersion in the market, so meaning some stocks are going one way, other stocks are going the other way, you do have |
| 1:48.5 | this effect of it kind of canceling out on the index level and making signals like the VIX |
| 1:54.5 | look lower than I think we feel it ought to be, right? You have closed-closed VIX hasn't even |
| 1:59.6 | surpassed that 20, but we all feel |
| 2:01.7 | the whiplash of those headlines. And part of the culprit for why it feels lower from a |
| 2:06.3 | volatility perspective is that dispersion is so high. We don't have this big correlated co-move, particularly |
| 2:12.7 | during earnings. And now as we go into February, we have our Hobsian double negative moment with Amy Wu |
... |
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