Squawk on the Street
SOTS 2nd Hour: Palantir Slumps, CNBC Recession Odds and Milken: Day 2 with Ares CEO, Morgan Stanley Co-Pres. 5/6/25
May 6, 2025
Dan Simkowitz, Co-president of Morgan Stanley, shares insights on the current capital markets, including M&A and IPO trends. David Koston, Goldman Sachs' chief U.S. equity strategist, discusses his market outlook and the resilience of the Mag-7 tech stocks despite recession odds rising significantly. Michael Arragetti, CEO of Ares Management, dives into alternative investing and the growing role of private credit in today's economy, revealing how these strategies are adapting to changing market dynamics.
42:53
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Quick takeaways
- CEOs like Jane Frazier highlighted consumer resilience, indicating that spending remains stable despite rising recession odds in surveys.
- Merger and acquisition activity is on the rise, fueled by renewed corporate confidence, though uncertainties around trade and regulation persist.
Deep dives
Market Sentiment and Stability
The current sentiment among financial executives appears relatively calm despite economic uncertainties. CEOs, like Jane Frazier of Citigroup, report that underlying consumer spending remains resilient and has not shown alarming signs of decline. Although confidence indicators have weakened in surveys, actual hard data on spending paints a more stable picture. This cautious optimism suggests that while risks persist, the financial sector is not in a state of panic, indicating a potentially more stable economic outlook.
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