Surveillance: Election Risks With JPM’s Normand
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 9 October 2020
⏱️ 32 minutes
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Summary
Ben Laidler, Tower Hudson Research CEO, expects a melt-up in the fourth quarter. John Normand, JPMorgan Head of Cross-Asset Fundamental Strategy, discusses where vulnerabilities are in the markets ahead of the U.S. election. Michael Zezas, Morgan Stanley Head of U.S. Policy Research and Municipal Strategist, examines how the election could impact infrastructure policy. Stephen Stanley, Amherst Pierpont Chief Economist, says the economy can continue to recover without more stimulus in the near-term.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
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| 0:43.5 | Daily, we bring you insight from the best in economics, |
| 0:46.6 | finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.2 | Let's get to the optimism of the moment. |
| 0:59.1 | We can do that with Ben Legler. |
| 1:00.5 | It's how I had some research, C-E--O. Ben, that note dropped in all of our |
| 1:04.9 | inboxes over the last couple of days and we all sat up and paid attention. A Q4 |
| 1:09.8 | mount up. Ben, why do you see a Q4 mount up on the cards? |
| 1:14.0 | I think we've all sort of been a little bit distracted by the by the election. |
| 1:18.0 | We've just had a quite a big consolidation I would say in the third quarter. |
| 1:22.0 | earnings and expectations have sort of followed the upgrade in some of these GDP forecasts. |
| 1:27.8 | We discount, we've had quite a big pullback at the same time. |
| 1:31.6 | I think a lot of indicators tell me that we've sort of discounted a lot of the election |
| 1:35.8 | and what it's and what is done the sort of concern on the election has prevented I think a lot of |
... |
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