The chapter delves into the recent Bain Capital and Reverence Capital Partners' acquisition of InvestNet and its impact on the financial ecosystem, while emphasizing the resilience of InvestNet's operations post-acquisition. It explores the challenges in the current market environment, comparisons to historical market situations, potential shifts in investor focus due to inflation news, and speculations on the Fed's rate cut decision. The discussion also addresses concerns about market concentration, earnings expectations of top companies, and the prospect of investing in overlooked sectors like small caps and small value stocks.
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Bloomberg News Global Finance Correspondent Sonali Basak and Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital Advisors, break down earnings from JPMorgan, Wells Fargo and Citi. Bloomberg News Rates Reporter Michael Mackenzie discusses the impact of the week's US eco data on Fed policy. Bloomberg Technology Co-Host Ed Ludlow provides the details of his Businessweek Magazine story Rivian Is Banking on the Anti-Tesla Crowd for VW Partnership. Angela Stent, Senior Fellow at Brookings Institution, shares her thoughts on NATO’s response to Russia/Ukraine war. And we Drive to the Close with Dana D’Auria, Co-CIO of Envestnet.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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