Bloomberg Surveillance Stocks Extend September Rally as Gold Tops $3,800
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Sep 29, 2025 In this discussion, Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, delves into the implications of the Fed's anticipated rate cuts and their necessity in supporting the labor market. He highlights attractive fixed income returns and forecasts two more cuts, linking them to potential liquidity issues. Caron also warns about private credit's overcrowding and the importance of careful manager selection. His insights on high-yield opportunities and the nuances of credit spreads offer a thought-provoking perspective on current market dynamics.
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Senators Hold The Power To Avert Shutdown
- Senators Schumer and Thune are the pivotal bipartisan operators who can actually keep the government open.
- House Republicans own the shutdown politically, but the Senate must deliver the bipartisan votes to avoid it.
Majority Party Bears Shutdown Responsibility
- The majority party controls the political cost because they own the House, Senate and White House.
- Avoiding a shutdown will require senators to muster bipartisan support despite House pressure.
Furloughs Hit Hill Staff Quickly
- Former Hill staffers note furloughed staffers often get paid every other Friday and will feel immediate stress.
- Missing a single pay cycle becomes a real problem for many Capitol Hill workers and their families.