Surveillance: Rolling W's Recovery Likely, Sonders Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 June 2020
⏱️ 36 minutes
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Summary
Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the economic recovery is more likely to look like rolling W’s than a V. Jes Staley, Barclays CEO, says the M&A market will not come back to major banks for a long time. David Lebovitz, JPMorgan Global Market Strategist, says the market has been standing on a three-legged stool: virus case growth, the outlook for economic reopening and the trajectory of corporate profits. Steven Major, HSBC Global Head of Fixed Income Research, says the banking system is financing the Fed's asset purchases through an increase of money it has recently absorbed. Tom Forte, DA Davidson & Co Senior Research Analyst, says Amazon could exit 2020 with a unionized labor force.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com, and of course, |
| 0:56.1 | on the Bloomberg. |
| 0:57.6 | Someone who has always folded history into her analysis is Liz Ann Saunders. |
| 1:01.6 | She is at Charles Schwab, |
| 1:03.4 | and she has been a foundation voice |
| 1:05.9 | on belief in the stock market for decades. |
| 1:08.8 | We're thrilled to get an update from Miss Saunders this morning. |
| 1:11.8 | Lizanne, I've got to go to the money question always with you, |
| 1:15.2 | which is what do you observe at Schwab of what people are doing with their money? |
| 1:21.1 | Are they in this bull market? |
| 1:22.6 | So if you, from a fund flow perspective, consistent with with broad aggregates, you've |
| 1:28.2 | seen money actually coming out of equities in the last several months more into fixed income. More recently in the |
| 1:35.5 | last couple of weeks where you have seen aggressiveness in terms of flows is in |
... |
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