Surveillance: V-Shaped Recovery Is Nonsense, Roubini Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 26 February 2020
⏱️ 41 minutes
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Summary
Greg Boutle BNP Paribas U.S. Head of Equity and Derivative Strategy, expects a lot more market volatility from here. Jean-Sébastien Jacques, Rio Tinto CEO, says the company is prepared for uncertainty from the coronavirus. Jimmy Whitworth, professor of international public health at the London School of Hygiene & Tropical Medicine, warns of the potential impact of the coronavirus on sub-Saharan Africa. Nouriel Roubini, NYU Stern School of Business Professor and Roubini Macro Associates Chairman, says markets are delusional about the coronavirus's impact on the global economy. Jeanne Zaino, Iona College Political Science Professor and Bloomberg Political Contributor, says the Democratic primary process does not work to the benefit of the Democratic party. Michael Nathanson, Moffettnathanson Senior Research Analyst, says Bob Chapek was the natural choice to replace Bob Iger as Disney CEO.
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Transcript
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
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| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
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| 0:56.2 | on the Bloomberg. |
| 0:57.2 | Let's start with Greg Battle, shall we be MPPparabar U.S. head of equity and derivative strategy. |
| 1:01.8 | Good morning, Greg. |
| 1:02.9 | Have we seen the washout, the clean out of sentiment, |
| 1:05.7 | or are you still waiting for that big moment? |
| 1:07.4 | No, I don't think so. |
| 1:08.3 | I mean, we've been looking at 3040 on the S&P, |
| 1:11.1 | the 200-day moving average is something where we may see a little bit more of a line in the sand drawn. |
| 1:15.5 | We've had a massive move in the last couple of days and equities, but it has only been two days of |
| 1:19.4 | de-risking. We came into this last week with markets at all-time highs. We wrote a piece at the start of this year where we highlighted some of the irrational exuberance, some of the stretched growth valuations of growth stocks, the stretched valuation of equity markets generally, so a two-day |
| 1:34.7 | correction I don't think is nearly enough to wash out some of the positioning. |
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