Bloomberg Surveillance Markets Rebound on Strong Start for Earnings
11 snips
Oct 15, 2025 Fatima Balani, Co-head of the U.S. software equity research team at Citi, shares insights on the current state of enterprise IT budgets, which are currently below historic levels. She highlights trends in AI spending, emphasizing its growing share, but notes the challenges in adoption. Cybersecurity remains a top priority for companies facing expanding risks. Balani suggests Rubrik as a top software pick for data integrity and recovery, showcasing her expertise in navigating the software stock landscape in a changing market.
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Tariffs Are Straining Supply Chains
- Maurice Obstfeld says tariffs and geopolitical tensions are straining global supply chains even if they aren't broken yet.
- He expects firms to eventually pass higher costs to consumers as tariff policy stabilizes.
Gold And Crypto As Fear Indicators
- Obstfeld warns rising gold and bitcoin buying signal fear and a search for assets perceived as safer than the dollar.
- He links emerging-market central bank purchases to declining trust in U.S. stewardship of the global economy.
Allocate Into Gold And Watch Liquidity
- Chris Whalen recommends holding 10–15% of allocations in gold given limited deliverable supply and dollar concerns.
- He cautions investors to watch liquidity dynamics and balance-sheet shrink plans at the Fed.
