Surveillance: The Case for Credit With Sheets
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 14 October 2020
⏱️ 28 minutes
🧾️ Download transcript
Summary
Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says investors should focus on balance sheet quality. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says the case for credit is better than other asset classes. Christian Bolu, Autonomous Research Senior Analyst, says job cuts are inevitable as the utilization of automation increases on Wall Street. Michael Feroli, JPMorgan Chief U.S. Economist, says U.S. unemployment will be elevated for several quarters to come.
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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. |
| 0:57.1 | Right now on the markets, Liz Ann Saunders joins with Charles Schwab, their chief investment |
| 1:01.6 | strategists. And Liz Ann, I've got up on the screen on SPS. Charles Schwab, their chief investment strategies. |
| 1:02.6 | And Liz Ann, I've got up on the screen on SPX, |
| 1:05.6 | you know, down 16%, December of a few years ago, |
| 1:09.4 | down 20-some percent in the ugliness a year or so ago and then you know in the recent |
| 1:14.3 | pullback down nine point nine percent you have had the courage to stay in the |
| 1:18.9 | market and participate |
| 1:21.1 | justify that how do you go through the process of staying in the market when we pull back? |
| 1:27.0 | Well, it depends on what you mean by stay. |
| 1:30.0 | What we have been espousingousing which is not terribly unique versus any other quote |
| 1:35.8 | normal time in the environment is not just stay but be disciplined particularly |
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