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Bloomberg Surveillance
Surveillance: Concern, Not Fear with Calvasina
Oct 2, 2023
Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, discusses concern in markets during the potential government shutdown. Jordan Rochester, Nomura G-10 FX Strategist, explores the possibility of EUR-USD parity. Mike Darda, Roth MKM Chief Economist & Macro Strategist, discusses unwinding yield trades. Rep. French Hill (R) Arkansas, talks about congress averting a shutdown.
32:07
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Quick takeaways
- Concern, not fear, observed in markets during the potential government shutdown.
- There is potential for bipartisan solutions on certain issues through collaborations between centrist Democrats and Republicans.
Deep dives
Kevin McCarthy likely to survive as Speaker of the House
Kevin McCarthy, the current Speaker of the House, is expected to survive a motion to vacate the chair. He has strong support from over 200 members of the Republican Party.
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