The Equity Bull Case
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 July 2026
⏱️ 32 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyThursday, July 16, 2026
Featuring:
1) Brian Levitt, Global Market Strategist at Invesco, joins to discuss how the market's pricing in the Fed, inflation, and earnings.
2) RaeAnne Mitrione, Partner at Callan Family Office, talks earnings, AI volatility, and the path of the S&P.
3) Brian Belski, CEO at Humilis Investment Strategies, and Dan Ives, Partner at Yorkville Ives & Co., discuss bull cases for tech and the market.
4) Atsi Sheth, Chief Credit Officer for Moody's Ratings, discusses her 2H fixed income outlook and global credit trends.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.7 | Podcasts Radio News. |
| 0:11.9 | This is the Bloomberg Surveillance Podcasts |
| 0:14.0 | The Worldwide's at 7 a.m. Eastern |
| 0:17.7 | on Apple CarPlay or Android Auto with the Bloomberg business app. Listen on demand |
| 0:23.2 | wherever you get your podcasts or watch us live on YouTube. Perfect time now to recalibrate. He wrote |
| 0:29.3 | 400 pages June 29th. He's ripped it up, changed it. Investco asked for a rewrite. How do you rewrite |
| 0:35.7 | your mid-year or Brian Leavitt? I would change it all that significantly. After the inflation reports? Yeah, I mean, our view was that |
| 0:42.0 | inflation expectations were already falling. Our view was that the Federal Reserve was not going |
| 0:47.2 | to raise interest rates. And our view was that would be supportive of this broadening in markets |
| 0:52.5 | that we've seen. And I don't see any need to change that. In fact, the inflation reports were favorable to that view, what we saw this week. And a little bit of the chatter out of the FOMC was favorable to that view, at least sounding a little bit less hawkish this week. Is it disinflation vector in place? To me, it is. I believe it is. I don't know how long |
| 1:12.2 | it's going to take, but yeah, I believe it is. I mean, look, you're going to have some disruption with |
| 1:16.7 | regards to the Middle East, but I'm not setting monetary policy based on where the price of oil is going, |
| 1:22.7 | based on where supply shocks are, goods prices are relatively contained shelters coming down wages aren't robust |
| 1:29.9 | so to me that's not an environment you want to raise interest rates Brian we did hear from |
| 1:35.2 | Fed chairman Warsh over the past couple of days in front of the house and the Senate here |
| 1:39.3 | any takeaways for you here yeah my view is that the Federal Reserve will be on hold this year. |
| 1:46.5 | I think actually the next move would be a cut. I do think that the economy slows a bit here |
| 1:52.3 | with higher commodity cost back again. You're seeing slowdown in the emerging markets in China, |
| 1:59.5 | and so that's not the environment you |
| 2:01.2 | want to raise interest rates into. We're getting rid into the teeth of the earnings. We had the |
| 2:05.9 | big banks earlier this week. First quarter is a tough act to follow. What's your expectations |
... |
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