Bloomberg Talks VanEck CEO Jan van Eck Talks Market Catalysts
Oct 27, 2025
Jan van Eck, the CEO of VanEck and a seasoned investor, shares insights on pressing market catalysts. He highlights the federal budget deficit as a crucial risk factor, mentioning recent improvements. Jan discusses the implications of a potential government shutdown and emphasizes the dominant role of AI, particularly with OpenAI's compute demands. He also analyzes how the MAG7 group of companies drives market performance with robust profits amidst flat workforce growth. Lastly, his long-term bullish outlook on gold reveals possibilities for consolidation and future gains.
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Federal Deficit Is The Overhanging Risk
- Jan van Eck warns the federal budget deficit is a major market risk that can force extraordinary Fed measures.
- Improving fiscal finances reduces pressure on the Fed and is positive for markets.
Debt Could Force Extreme Fed Actions
- Excessive debt could force the Fed into extreme policies like yield-curve control, which markets would dislike.
- Better fiscal direction this year eases what would have been a heavier burden on the Fed chair.
Shutdown Didn’t Move Markets, But Revealed Dysfunction
- Jan van Eck says the government shutdown appears not to have moved markets based on available evidence.
- He expresses concern the political dysfunction leaves long-term fiscal problems unresolved, like Social Security funding.