Lori Calvasina, Chief US Equity Strategist at RBC Capital Markets, discusses the outlook for equities and how President Trump’s tariff pauses have impacted market sentiment. She highlights expected volatility and offers insights into S&P 500 targets. Penny Foley, Portfolio Manager at TCW Emerging Markets, shares her thoughts on the challenges emerging markets face amid uncertain US policies. They delve into the implications of a weaker dollar and how tariffs influence global trade, making for a captivating conversation on economic dynamics.
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insights INSIGHT
Clarity in Smaller Caps
Lori Calvasina prefers smaller-cap companies in uncertain markets due to their simpler business models.
These companies can provide more clarity on specific market issues.
volunteer_activism ADVICE
Defensive and Rebound Opportunities
Look for defensive and rebound opportunities in uncertain markets.
Consider utilities for defense and financials for a potential rebound.
insights INSIGHT
The Power of Inaction
Sometimes, the best investment strategy in uncertain times is to do nothing.
Listen to the market and let things play out before making major moves.
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Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 14th, 2025 Featuring: 1) Lori Calvasina, Chief US Equity Strategist at RBC Capital Markets, joins for an extended discussion on the outlook for equities and where her S&P target stands. Stocks jumped once President Trump paused import duties on consumer electronics, boosting sentiment. Despite the reprieve, volatility in markets is expected to continue. 2) Gargi Chaudhuri, Chief Investment Strategist, Americas at BlackRock, discusses the outlook for equities, and whether there's a bull case in the market given the concern. While the Dollar has struggled, yen optimism is spreading and the euro is emerging as a prime beneficiary of greenback weakness as investors reassess the dollar’s role in the global financial system. 3) Penny Foley, Portfolio Manager for the TCW Emerging Markets Group, on what she expects from the emerging markets environment given uncertain US policy. The Bloomberg Dollar Spot index fell for a fifth day, touching the lowest levels since October, on concern over the Trump administration's tariff policy, and its effects are expected to ripple throughout emerging markets. 4) Henrietta Treyz, co-founder at Veda Partners, joins to discuss on again, off again tariffs and newfound urgency for the tax bill. President Trump is prioritizing extending the 2017 Tax Cuts and Jobs Act this year, with Republicans in Congress agreeing on a framework to make the cuts permanent. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Dubai dethroning Heathrow as the world's busiest international airport and why there may be fewer outdoor dining spots in New York City this year.
Bloomberg Surveillance 