Surveillance: Golden Age For Tech, Ives Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 October 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
James Athey, Aberdeen Standard Investments Senior Investment Manager, says FX has been been a good diversifier and hedge ahead of the U.S. election. Daniel Ives, Wedbush Senior Equity Research Analyst, explains why he remains bullish on tech. Lindsey Piegza, Stifel Chief Economist, says consumers are looking at the prospect of a resurgence of coronavirus and are deploying wealth into savings rather than spending. Rob Falzon, Prudential Financial Vice Chair, says many companies are extending out the time they believe employees will be in a remote environment, where productivity has held up well.
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| 0:00.0 | Join us in Seattle on November 8th for Bloomberg's intelligent automation briefing about transformation in a time of uncertainty. During this special evening event, top business and IT executives will gather to explore ways in which intelligent automation can offset economic |
| 0:15.8 | pressures and help organizations thrive by enhancing operational efficiencies and stakeholder |
| 0:21.2 | value. |
| 0:22.3 | This program is proudly sponsored by IBM. Register at |
| 0:25.7 | Bloomberg Live.com slash automation slash radio. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:33.0 | Daily, we bring you insight. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.0 | Daily, we bring you insight from the best in economics, finance, investment, and international relations. |
| 0:49.5 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.2 | Bloomberg. |
| 0:57.2 | James, Anthony joining us now, Aberdeen Standard Investment Senior Investment Manager. |
| 1:01.1 | James, let's start there, the lack of Treasury market action on a |
| 1:05.0 | really whippy 24 hours into this morning. Yeah a bit frustrating for us |
| 1:10.9 | actually as duration balls at least in part we've been |
| 1:14.4 | bullish because we we saw risky assets were being you know incredibly |
| 1:18.8 | complacent with respect to the outlook across a broad a broad range of |
| 1:22.4 | factors we've been thinking about this and then trying to piece together some sort of understanding of why that might be the case. I think the story we've settled on really is that this is a position unwind. So what you had was |
| 1:33.8 | the market was positioning for fiscal stimulus and a blue sweep. Let's be |
| 1:38.3 | somewhat glib and that meant being short dollars, being long risky assets and being in Treasury |
| 1:44.5 | curve steepeners, possibly not necessarily short outright duration but in |
| 1:48.9 | Treasury curve steepness. So what we've seen is even though yields have gone |
| 1:51.5 | up, the curve has actually flattened and we've seen is even though yields have gone up, the curve has actually flattened, |
| 1:54.0 | and we've seen equities being unwound, and the dollar and the yen rallying, which were probably |
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