Surveillance: Correction is Healthy, Marangi Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 September 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
Christopher Marangi, Gabelli Funds Co-CIO, says this correction is healthy and different. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says negative rates are not in the cards so there is only one way yields can go, either sideways or higher. Barry Ritholtz, Bloomberg Opinion Columnist and Ritholtz Wealth Management Founder, says a 10-20% pullback is overdue. Peter Westaway, Vanguard Chief European Economist, says the ECB is getting close to the end of the road for negative rates.
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| 0:56.2 | on the Bloomberg. |
| 0:57.8 | Chris Morangue with us with Gabelli Funds, their co-chief investment officer, Chris, I want to start with sort of not the equity |
| 1:05.1 | hysteria that's out there but the media angst that's going on right now. How do you |
| 1:10.9 | define a correction in 2020? Is it down 10% or is there a new calculus for |
| 1:17.7 | Gabelli funds? This is nothing. This is it. This is healthy. Obviously the correction is concentrated in a few stocks. |
| 1:25.7 | Those few stocks happen to have accounted for more than 100% of the gains of the S&P so far this year. |
| 1:31.3 | So, you know, this is a different correction than certainly we've seen in the past. |
| 1:36.0 | Here's the money question for the day, Chris, and when I saw our lineup earlier this morning |
| 1:39.7 | when I walked in hours before John Ferro and Lisa Bramowitz. |
| 1:43.8 | I would want to point out, Chris, that I really went to the heart of the matter, |
| 1:47.8 | which is how should our listeners and viewers who are not |
| 1:51.2 | sophisticated and derivatives. |
| 1:53.0 | How should they adapt to the NASDAQ well, |
... |
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