Surveillance: Market Optimism with Shalett
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 May 2020
⏱️ 37 minutes
🧾️ Download transcript
Summary
Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says the fear trade has been holding the U.S. dollar up in the near term. Ian Sheperdson, Pantheon Macroeconomics Founder & Chief Economist, says markets are expecting further aid from the U.S. government. Peter Hayes, Head of BlackRock's Municipal Bonds Group, says states and cities are facing a liquidity issue rather than a solvency issue. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says the recovery in China is likely to underperform in the second half of the year. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says there are a lot of positive signs that there is evidence of immunity, but a case hasn't been proven yet.
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Transcript
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
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| 0:57.4 | Really happy to say we can start the week with Lisa Shallowder Morgan Stanley |
| 1:01.0 | wealth management, the chief investment officer. |
| 1:03.7 | Lisa, you and I have gone back and forth over the last couple of weeks. |
| 1:06.4 | Help us understand the cyclical trade and how you think that's going to evolve in the coming months. |
| 1:12.4 | Yeah, great, Good morning, Jonathan. |
| 1:15.0 | Look, our perspective is that, you know, folks have really looked at the cyclical trade |
| 1:20.0 | and are waiting to see the inflation expectations data signal that reflation in the |
| 1:27.8 | economy has begun. |
| 1:29.6 | And we've really seen, you know, the cyclicals defensive ratio track inflation |
| 1:34.5 | expectations uh... to your point i think this news uh... you know coming out of the |
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