Bloomberg Surveillance Stock Rally Stalls Ahead of Big-Tech Earnings, Fed Decision
Oct 28, 2025
Robert Kaplan, former Dallas Fed President and Vice Chairman of Goldman Sachs, discusses the Fed's potential rate cut and emphasizes the importance of workforce retraining amid economic shifts. Ed Yardeni, President of Yardeni Research, offers a bullish market outlook, addressing mega-cap earnings and the resilience of the current economy despite tariff uncertainties. Steve Sosnick, Chief Strategist at Interactive Brokers, analyzes momentum-driven trading and the implications of retail participation in market rallies, highlighting the risks of speculative behavior.
AI Snips
Chapters
Books
Transcript
Episode notes
Fed Likely To Cut And End QT
- Robert Kaplan expects the Fed to cut rates and end quantitative tightening at this meeting.
- He suggests the Fed may leave the door open to a December cut for optionality.
Invest Locally In Retraining
- Kaplan urges local, employer-led retraining rather than relying on national programs alone.
- He advises companies and educational institutions to fund and promote skills training near workers.
Retraining Failure Fuels Political Risk
- Failure to redeploy workers from AI and globalization risks political backlash.
- Kaplan notes uneven U.S. retraining success with bright local examples but no national scale.
