Bloomberg Surveillance

Bloomberg Surveillance TV: July 19, 2024

Jul 19, 2024

Rob Casey, Darrell Cronk, and Katrina Dudley discuss Trump's RNC speech, Biden campaign updates, potential peaks for Trump trade, positive small cap movement, energy sector performance, market leadership, party unity impact, small cap rally sustainability, financial advisor independence, tech support for small businesses, Biden-Harris transition scenarios, and Democratic nomination challenges.

19:09

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Episode guests

Rob Casey

Darrell Cronk

Katrina Dudley

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Energy sector under Trump presidency performed poorly, whereas excelled under Biden administration due to high demand from AI and defense sectors.

Recent small caps rally driven by inflation concerns and political scenarios raises sustainability questions amidst uncertainties around US election outcomes.

Deep dives

Energy Sector Performance Under Different Administrations

Under the Trump presidency, the energy sector's performance was among the worst, in contrast to its growth during the Biden administration. Despite common beliefs favoring tech, energy has excelled due to high demand from various sectors like AI and defense, leading to a bullish outlook on energy for the long term.

Intro

2min

Performance and Outlook of Energy Sector

7min

Political Party Unity, Policy Discussion, and Financial Independence

2min

Small Cap Investing Insights

5min

Exploring Independence for Financial Advisors and Tech Support for Small Businesses

2min

Analyzing the Potential Transition from President Biden to Vice President Harris in the Democratic Party

3min

Democratic Party Nomination Scenarios and Vice Presidential Speculations

4min

-Darrell Cronk, Wells Fargo Chief Investment Officer
-Katrina Dudley, Franklin Templeton Public Markets Senior Investment Strategist
-Rob Casey, Signum Global Partner & Senior Analyst

Rob Casey of Signum Global provides analysis following Trump’s speech at the RNC and offers insights on the latest developments in the Biden campaign. Darrell Cronk of Wells Fargo discusses potential peaks for the Trump trade amid speculation about Biden’s future. Katrina Dudley of Franklin Templeton explains why the positive price movement in small caps is encouraging.

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