Market Optimism and Trump-Putin

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 13 August 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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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 SweeneyAugust 13th, 2025
Featuring:
1) Jens Nordvig, founder & CEO at Exante Data, joins for an extended discussion about FX opportunities and President Trump's strategy to weaken the dollar.
2) David Seif, Chief Economist for Developed Markets at Nomura, joins to discuss recent eco data and why September may mark the beginning of a Fed easing cycle. Equity markets are swept up in a risk-on rally as a modest rise in US goods prices has tempered fears over the impact of tariffs, bolstering bets that the Fed will resume rate cuts.
3) Brian Belski, Chief Investment Strategist at BMO Capital Markets, joins to discuss his S&P target and why he remains extra bullish in the second half of 2025. A rally in global stocks persisted as expectations for Federal Reserve interest rate cuts stoked risk-on sentiment and drove bond yields lower.
4) Stephanie Baker, Senior Writer with Bloomberg News, previews the Trump-Putin Summit. Vladimir Putin is heading to a summit with President Trump confident that Russia is in a dominant position on the battlefield as his military advances in Ukraine. Putin has repeatedly rejected calls for a ceasefire and is likely to seek major territorial concessions in return for one, according to the article.
5) Brent Schutte, Chief Investment Strategist at Northwestern Mutual, brings us into the market open and talks about a potential equity boon from rate cuts.

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Transcript

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1:28.1	Jens Nordvig. His book on the Euro was outright courageous over a decade ago, acclaimed on Wall Street
1:36.2	and now at Exente data. Can Dollar Weakness continue? I think it can. It can. We were talking about a couple of months ago.
1:47.0	And what happened a couple of months ago is we had this pretty big, dramatic shift in how people
1:54.0	think about asset allocation. So a lot of our clients have been taking down their dollar exposure
2:00.0	from Canada to Europe to Asian countries.
	...

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