Bloomberg Surveillance Bloomberg Surveillance TV: August 14th, 2025
13 snips
Aug 14, 2025 
In this engaging discussion, Ed Yardeni, Chief Investment Strategist at Yardeni Research, presents a bullish outlook on equities amid potential rate cuts and tariff clarity. David Malpass, former President of The World Bank, shares insights on political priorities for a second Trump administration with the upcoming midterms in mind. Norman Roule, Senior Adviser at the Center for Strategic & International Studies, offers a preview of the upcoming Trump-Putin summit in Alaska, highlighting its geopolitical significance.
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Market Melt-Up Risk
- Ed Yardeni sees the market in a melt-up driven by resilience, potential rate cuts, and AI-led capital spending.
- He warns melt-ups often precede meltdowns if rates fall too far or bond market pushes back.
Bond Market Could Rebel
- Yardeni warns bond markets may reject Fed easing and drive yields higher despite cuts.
- He stresses the 'bond vigilante' could counteract Fed easing and keep rates elevated.
Limited Leverage On Ukraine Talks
- Norman Roule says the U.S. president cannot negotiate for Ukraine and Europe resists secondary sanctions on China and India.
- He expects Trump to lean on personal rapport with Putin but sees limited leverage without European enforcement.