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Bloomberg Audio Studios, Podcasts Radio News.

You have all of these flip-flops within the volatility and the price action of markets.

I think it's more likely that we revisit the lows than we don't. It turns out that's the beginning of the volatility in bonds, not the end.

So the next 90 days is going to be quite volatile in the bond market.

What's happened generally lowering the risk in the portfolio in this type of environment?

Rather than a strong bet on you want to be in bonds and equities,

you want to bring risks down.

What we're looking for is a very choppy year, unfortunately.

This is Bloomberg Surveillance with Jonathan Farrow, Lisa Abramowitz, and Anne-Marie Hordern.

Live from New York City this evening, good evening, good evening for our audience worldwide.

Bloomberg surveyors starts right now.

Wrapping up a wild week in financial markets, investors getting their hopes up,

following the biggest weekly gain of the year so far.

The White House unveiling what appeared to be tariff exemptions for big tech, only for Commerce

Secretary Howard Lutnik to reign on their parade.

They're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs,

...