Bloomberg Surveillance Bloomberg Surveillance TV: April 8, 2025
Apr 8, 2025
Stephen Miran, Chair of the Council of Economic Advisers at The White House, discusses President Trump's tariff strategy and its complexities. He explores how trade policies are intertwined with U.S. defense strategies. Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, shares insights on the U.S. equities outlook, pondering if clarity on tariffs could spark a market rebound. They delve into economic uncertainties, the impact of a weakening dollar, and the risks of a potential recession in 2025.
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Tariffs as Negotiation
- Stephen Miran frames Trump's tariff strategy as a negotiation tactic.
- It could become "new rules" if countries offer suitable concessions.
Market Uncertainty Peak
- Julian Emanuel believes maximum uncertainty has been reached in the market.
- He expects a market rebound if tariff policy clarity emerges.
Dollar Reversal Signal
- Dollar negativity is at a consensus, says Skylar Montgomery-Koning.
- Historically, this bearish sentiment signals a potential dollar reversal.