Surveillance: Stock Market Not Insane, Bailin Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 14 August 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
David Bailin, Citi Private Bank Chief Investment Officer, says corporate earnings and global liquidity will provide a tailwind for stocks going forward. Michael Gapen, Barclays Chief U.S. Economist, says several more months of fiscal benefits would be helpful to the economy before it can be self-sustaining. David Riley, BlueBay Asset Management Chief Investment Strategist, says it will be difficult for Europe to sustain a strong recovery because it is still dependent on global growth and trade. Lupin Rahman, PIMCO Global Head of EM Sovereign Credit, says the Covid-19 pandemic has been a liquidity shock for the bulk of emerging markets.
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. 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 |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud Bloomberg.com. And |
| 0:55.0 | of the Bloomberg-Dohalomberg.com and of course on the Bloomberg. |
| 0:57.0 | Joining us now on this market I'm pleased to say is David Valen's city private bank |
| 1:01.0 | Chief Investment Officer David, there are plenty of |
| 1:03.5 | angry bears out there and for good reason. The economic data is really not |
| 1:06.7 | great but the performance of the market has been something else. What's your |
| 1:11.2 | takeaway? Well let's put everything in a little bit of context today. We have |
| 1:15.7 | 18 trillion dollars worth of debt that yields zero. So everyone is seeking yield and of course this has been an |
| 1:22.4 | extraordinary rally in the bond market. |
... |
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