Bloomberg Surveillance Bloomberg Surveillance TV: April 9, 2025
25 snips
Apr 9, 2025 
Chris Harvey, Head of Equity Strategy at Wells Fargo, delves into the consequences of tariffs on market confidence and whether equities will decline further. Ruchir Sharma, CIO at Breakout Capital Partners, elaborates on how public policy reshapes market dynamics, while Richard Bernstein, CEO at Richard Bernstein Advisors, shares insights on market repricing and the implications for risk premiums. Together, they tackle the economic landscape marked by uncertainty, trade tension with China, and the need for clearer communication from policymakers.
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Market Volatility Due to Poor Communication
- The current market volatility stems from poor communication from the administration regarding tariffs.
- Their lack of a clear plan makes it difficult for markets to react positively.
China's Tariff Response Hinders Negotiations
- China's response to US tariffs may not significantly impact the US due to low trade volumes.
- However, it hinders negotiations with the president, who is resistant to China's threats.
Difficulty Finding Safe Havens
- Safe havens in the current market are hard to find, even in typically stable areas.
- The market is fluid, making it challenging to preserve assets.