Bloomberg Surveillance Bloomberg Surveillance TV: April 10, 2025
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Apr 10, 2025 
Erika Najarian, an Equity Research Analyst at UBS, shares insights on big bank earnings and the financial sector's health. Torsten Slok, Chief Economist at Apollo, discusses the US economic outlook following President Trump's tariff reversal, revealing how market reactions could shape future trends. They delve into the implications of ongoing market volatility, the potential resilience of bank earnings, and the economic factors influencing consumer behavior and pricing strategies in a turbulent landscape.
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Cautious Optimism on Equities
- Following President Trump's tariff reversal, Russ Koesterich advises caution in the equity market.
- He suggests adjusting portfolios for heightened policy uncertainty and slower growth.
Bonds and Economic Environment
- Russ Koesterich notes that increasing bond allocation is a reflection of the current economic environment rather than a policy bet.
- Slower growth warrants a bond allocation closer to benchmark.
Dollar Assets Still Relevant
- Despite U.S. volatility, Koesterich doesn't recommend a knee-jerk reaction against dollar assets.
- He cites the 2011 debt ceiling crisis, where treasury bonds rose despite the U.S. downgrade.