Bloomberg Daybreak: Europe Edition CEOs Predict Market Drop, 'Tough But Fair’ Budget, EU Climate Showdown
Nov 4, 2025
Kriti Gupta, a Bloomberg TV anchor known for her insights on markets and tech, and Jo Mays, a UK politics reporter specializing in fiscal policy, share their perspectives on pressing issues. They discuss potential market downturns, with Gupta cautioning about the risks tied to tech stock valuations. Mays highlights the UK government's tough budget choices ahead, with Prime Minister Keir Starmer advocating for fairness. The conversation also touches on EU climate targets and the challenges reflecting economic competitiveness.
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Prepare For A Significant Market Pullback
- Goldman Sachs CEO David Solomon predicts a 10–20% equity market drawdown within 12–24 months.
- He advises staying invested because pullbacks let investors reassess without changing long-term allocation.
Valuations, Not Earnings, Are The Risk
- Morgan Stanley's CEO expects welcome 10–15% drawdowns as normal market behavior.
- Capital Group flags strong earnings but stretched valuations as the main concern.
Palantir's Rally Met With Profit-Taking
- Palantir reported accelerating growth and raised its annual revenue outlook to $4.4 billion.
- Despite strong numbers, traders pulled back because Palantir now has the highest P/E in the S&P 500.