Bloomberg Surveillance

Bloomberg Surveillance TV: May 7, 2025

May 7, 2025

Priya Misra, a Portfolio Manager at JPMorgan Asset Management, shares insights on bond market signals pointing to inflation and slower growth. Keith Lerner, Co-CIO at Truist, offers his perspective on the current equity landscape. Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, discusses his S&P 500 target amidst ongoing trade deal uncertainties. The conversation explores economic shifts, market volatility, and the intricate relationship between monetary policy and investment strategies in a fluctuating environment.

35:35

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Episode guests

Julian Emanuel

Keith Lerner

Priya Misra

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Analysts express caution about the equity market due to high valuations and ongoing geopolitical uncertainties affecting trade policies.

The concept of stagflation is emerging among market analysts, prompting recommendations to focus on resilient sectors like technology despite economic challenges.

Deep dives

Market Uncertainty and Economic Growth

Current market conditions are characterized by significant uncertainty regarding economic policy and growth prospects. Analysts express caution, suggesting that while recession fears have somewhat eased, the need for prudence remains crucial due to high market valuations. Expectations for nominal growth have been adjusted downward, with projections indicating only modest growth of around 0.9% for the coming year. Broader geopolitical events, especially interactions between the U.S. and China, are seen as pivotal factors influencing this landscape.

Intro

2min

Navigating Economic Uncertainty

7min

Navigating Uncertainty in Trade and the Economy

2min

Navigating Monetary Policy Challenges

10min

Market Trends and Investment Strategies Post-Rally

9min

Evolving Perspectives on U.S. Economic Growth and Monetary Policy

3min

Economic Insights and Corporate Confidence

4min

Anticipating the Chairman's Press Conference

2min

- Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI
- Priya Misra, Portfolio Manager at JPMorgan Asset Management
- Keith Lerner, Co-CIO at Truist
- Tom Porcelli, Chief US Economist at PGIM Fixed Income

Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, joins for a look at equities and gives his S&P 500 target as investors continue to look for clarity on trade deals. Priya Misra, Portfolio Manager at JPMorgan Asset Management, discusses signals from the bond market on the outlook for inflation and slower growth. Keith Lerner, Co-CIO at Truist, offers his outlook on equities and markets. Tom Porcelli, Chief US Economist at PGIM Fixed Income, discusses inflation, the US economy, and today's Fed meeting.

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