Surveillance: Market FOMO With Levkovich
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 22 May 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
Tobias Levkovich, Citi Chief U.S. Equity Strategist, says FOMU (Fear of Meaningfully Underperforming), not FOMO (Fear of Missing Out), has played a role in the recent rally. Yvonne Man, Bloomberg Markets Asia Anchor, says the stage is set for another repeat of protests in Hong Kong. Priya Misra TD Securities Head of Global Rates Strategy, says the Fed has no option but to go into yield curve control. Diane Swonk, Grant Thornton Chief Economist, says American consumers will remain hesitant because of the fear of contagion, regardless of whether the economy is open or not. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, discusses the challenges countries in the southern hemisphere are facing in controlling the coronavirus outbreak.
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| 0:57.1 | I thought today Citigroup had a day off. |
| 0:59.4 | I thought Mike Corvak at everyone the day off, but apparently not because Tobias leftevich is with a |
| 1:04.5 | subsidy the chief US equity strategist Tobias what happened did you not get Friday |
| 1:08.3 | off? I'm taking a different Friday off so we take it a different Friday off. I unfortunately scheduled a bunch of things to work today |
| 1:15.6 | even though Mr Corbett was kind enough. I recommend it to things so including |
| 1:21.0 | getting up early for you guys. Well, it's advised we appreciate it. |
| 1:24.0 | Thank you very much. |
| 1:25.0 | Would it be fair to say that you've been a little bit more skeptical of what underpins this rally in the last month or so? |
| 1:29.0 | Well, I'm more skeptical about the continuation of the rally. I know what kind of |
| 1:33.7 | does underpin this rally. It's been you know the exiting of the great lockdown |
| 1:39.1 | it is the better news on the health care front and certainly stimulus both monetary and fiscal that started kind of in the latter part of March into April |
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