Bloomberg Surveillance

SPECIAL: Wall Street Braces for New Week of Tariff Turmoil

10 snips
Apr 13, 2025
In this discussion, Bob Michele, Global Head of Fixed Income at JPMorgan Asset Management, and Stuart Kaiser, Head of Equity Trading Strategy at Citigroup, dive into the swirling turmoil of tariff tensions impacting global markets. They highlight investor anxiety due to potential new tariffs affecting major tech companies like Apple and Nvidia. The conversation also touches on the strain on equity and bond markets, the implications for Federal Reserve policies, and strategies for navigating uncertainty in the current economic landscape.
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INSIGHT

Market Drivers

  • Investors are deleveraging positions, driving down Treasury prices.
  • Recent events suggest a more positive outlook for the bond market.
INSIGHT

The Fed's Focus

  • The Fed is focused on inflation despite Powell calling it transitory.
  • They are also watching for systemic market breaks and rising unemployment.
INSIGHT

Easing Market Pressures

  • Three factors suggest a potential easing of market pressures: administrative reprieve, Congressional budget resolution, and Susan Collins's comments.
  • These offer a degree of policy response, potentially averting a meltdown.
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