Bloomberg Surveillance

Bloomberg Surveillance TV: April 2, 2024

Apr 2, 2024

Guests Phil Orlando, Steven Cook, and Troy Gayeski discuss the broadening equity rally, potential oil price increases amid geopolitical uncertainty, and the impact of Fed rate cuts on the yield curve. Steven Cook highlights Iran's potential actions in the Middle East, while Troy Gayeski warns of the yield curve returning to 5% without rate cuts.

22:43

Creator website

Episode guests

Troy Gayeski

Steven Cook

Phil Orlando

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Episode notes

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Quick takeaways

Equity rally expected to broaden, oil prices to rise amid geopolitical uncertainty.

Iran may pressure US regarding Israel, potential for violence in the Middle East region.

Deep dives

Economic Indicators Suggest Shift in Economic Growth and Inflation Concerns

Recent economic data indicating strengthening economy with rising ISM levels and positive LEI data hint at a shift towards stronger economic growth. Despite this, concerns over inflation persist as highlighted by Fed's price forecasts, potentially leading to fewer rate cuts than previously expected.

Introduction

2min

Economic Data Trends and Market Analysis

5min

Analysis of Stock Market Rally and Market Update Podcast Mention

2min

Navigating Economic Growth and Interest Rates for Investment Strategies

9min

Diplomatic Response, Market Update Podcast, & Doha Economic Forum Discussion

2min

Middle East Tensions Escalating

5min

Analysis of Middle East Conflict Risks and Economic Impact

2min

-Phil Orlando, Chief Equity Strategist & Head of Client Portfolio Management, Federated Hermes
-Steven Cook, Middle Eastern Senior Fellow, Council on Foreign Relations
-Troy Gayeski, Chief Market Strategist, FS Investments

Phil Orlando of Federated Hermes says the equity rally will broaden out and expects oil prices to climb higher through the year amid geopolitical uncertainty. Steven Cook, Middle Eastern Senior Fellow at the Council on Foreign Relations, says Iran will likely pressure the US to bring Israel to heel or raise a 'storm of violence in the region'. Troy Gayeski of FS Investments says the back-end of the yield curve could return to 5% levels if the Fed doesn't cut rates.

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