Surveillance: "Wait And See" Mode After Draghi, Coronado Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 April 2019
⏱️ 27 minutes
🧾️ Download transcript
Summary
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, expects two Fed rate cuts and stocks to go higher in 2019. Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, thinks the Euro will move to the downside. Julia Coronado, Macropolicy Perspectives Founder, thinks markets were not expecting Draghi to deliver a lot-and he didn't. Mike Mayo, Wells Fargo Securities Senior Analyst, says it's time to increase the effectiveness of bank regulations.
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| 0:56.4 | Bloomberg. Let's bring you julian outwire |
| 1:03.0 | BTIG Chief Equity and Derivative Strategist. I'm not going to bury the lead here Julian |
| 1:07.4 | Try not to do that on a daily basis, but I'm definitely not going to do it today |
| 1:10.4 | two rate cuts in 2019. What are you guys up to at BTIG? |
| 1:14.8 | Yeah, no, well look, first of all we're historians and the Fed cuts rates after hiking |
| 1:22.3 | cycles generally they start with cuts rates after hiking cycles. |
| 1:23.0 | Generally, they start within five to six months after the last hike. |
| 1:28.0 | And so, so the one time they didn't was 2007. |
| 1:32.0 | But it's more than that the Fed is very cognizant |
| 1:36.4 | of the message of the yield curve we're not believers in in in the yield |
| 1:42.1 | curve inversion we we strictly adhere to twos tens but the rest of the market does |
| 1:46.8 | look at it so the psychology of recession has started to form we saw that in the plunge and yields. But more importantly |
| 1:55.6 | the Fed wants inflation. The Fed is very focused on stoking the inflation. |
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