Jennifer Lawless, a Politics professor at the University of Virginia, sheds light on the latest political currents affecting markets. She discusses President Trump's controversial moves to dismantle the Department of Education, raising concerns about federal funding for higher education. The conversation also delves into how trade policies and tax legislation under Trump's administration are creating ripples across investor strategies and market stability. Lawless's insights help unpack the intersections of politics and economic uncertainty.
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Navigating Uncertain Bond Markets
Prioritize liquid instruments to stay nimble in uncertain markets.
Focus on shorter durations (1-3 years) and higher quality bonds.
insights INSIGHT
Emerging Markets in Fixed Income
Emerging markets (EM) offer opportunities in fixed income, demonstrating resilience against inflation.
EM allows diverse investment approaches through currency, sovereign debt, and local corporate debt.
insights INSIGHT
Opportunity in Mortgage-Backed Securities
U.S. mortgage-backed securities (MBS) present a strong buying opportunity due to reduced demand from the Fed and banks.
This technical opportunity makes MBS an attractive investment within fixed income.
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Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 21st, 2025 Featuring: 1) Karen Manna, Investment Director, Fixed Income at Federated Hermes, on market headline risks versus what's actually driving trading activity. Global stocks fell due to downbeat corporate earnings and concerns over a potential US trade war. 2) Rema Serafi, Vice Chair - Tax at KPMG, on the "Tax Trifecta" and the upcoming GOP tax legislation. Earlier this year, President Trump outlined his tax priorities in a meeting with Republican lawmakers, including ending the carried interest tax break and expanding the state and local tax deduction. Republicans are aiming to pass a sweeping tax bill this year, which would include renewing Trump's 2017 tax cut law and implementing new tax cuts, with details of a deal expected to be announced as soon as Friday. 3) Alisa Rusanoff, CEO at Stealth Startup and Head of Credit at Crescendo Asset Management, talks supply chain and trade gaps amid growing threats of tariffs. Investors are facing an uncertain outlook for the global economy, with President Trump planning to impose tariffs on April 2. 4) Jennifer Lawless, professor at University of Virginia, discusses the latest DC headlines, including reports on Elon Musk accessing China war secrets and the president looking to dismantle the Department of Education. President Trump signed an executive order to largely dismantle the Education Department, directing Education Secretary Linda McMahon to "take all necessary steps to facilitate the closure" of the department. 5) Cathy Hepworth, Portfolio Manager at PGIM Fixed Income, brings us into the market open and discusses emerging market opportunities amid uncertainty around US economic policy. While the Federal Reserve indicated this week it sees room to cut interest rates, many economists fret the inflationary impact of tariffs will hinder central banks from delivering support to slowing economies.
Bloomberg Surveillance 