Bloomberg Surveillance Single Best Idea with Tom Keene: Steve Chiavarone & Lori Calvasina
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Apr 14, 2025 Dive into an analysis of the evolving 60-40 portfolio strategy amid recent S&P fluctuations. Experts shed light on how market volatility shapes investment decisions. Discover the historical resilience of equity markets and their recovery trends. Political and economic influences also take center stage. Plus, discussions around Goldman's recent share buyback ignite conversations on effective portfolio management strategies.
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Market Rebounds
- Steve Chiavarone emphasizes the historical performance of the S&P 500 after similar four-day declines.
- He notes that in the past, the index has been positive 100% of the time 12 months later, with an average return of 30%.
Investment Strategy
- Chiavarone advises investors to stay calm and view recent market volatility as an opportunity.
- He suggests upgrading portfolios by taking advantage of value opportunities created by the decline.
Tariff Impact
- Lori Calvasina observes that companies typically don't raise alarm bells on tariffs until later in the year, like September.
- She notes that some companies engage in tariff pre-buying to manage inventories, creating uncertainty in earnings forecasts.