Bloomberg Surveillance Tariff Ruling as Traders Ready for Jobs
34 snips
Sep 2, 2025 
Lori Calvasina, the Head of US Equity Strategy at RBC Capital Markets, shares her S&P targets and market insights as volatility looms. Ernie Tedeschi from the Yale Budget Lab delves into the implications of Trump's tariff regime, including a recent court ruling that could shift the landscape. Fatima Boolani, co-head of Citi's US Software Equity Research Team, highlights critical debates in tech and communications leading up to 2025. Together, they unravel the intricate connections between tariffs, market dynamics, and technological advancements.
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Weigh Fed Cuts Against Bond Yields For Valuations
- Expect Fed cuts to lift PE multiples but rising 10-year yields and inflation can offset gains.
- Watch inflation and bond yields together when forecasting valuation moves.
Screen Stocks By Sector, Not Just Factors
- Screen investments by sector and industry rather than broad factor bets.
- Lori Calvasina favors financials and materials if inflation pressures re-emerge.
Leading Inflation Signals Favor Financials And Commodities
- ISM prices can signal sector winners; rising inflation favors financials while staples lag.
- Materials and energy often benefit from inflation and weaker dollar dynamics.