What Goes Up

While the world agonizes over grim statistics showing the growing number of victims of the novel coronavirus, professional money managers are forced to make important decisions on behalf of clients without much hard data on the economic damage being done. Diane Jaffee, senior portfolio manager at TCW Group Inc., discusses how the upcoming earnings season will help provide some much-needed information. Some highlights of the conversation are below.Mentioned in this podcast: A Lot Is Riding on Stock Bottom Calls That Worked in a Bull MarketU.S. Jobless Claims Soar to Once-Unthinkable Record 6.65 MillionEarnings Day Blowups Seen Skyrocketing With Street Flying BlindSee omnystudio.com/listener for privacy information.

Quick to fall, quick to rise -- such has been the story of the stock market. After tumbling more than 30%, this week was met with the fastest period of gains since the 1930s. But will the fierce rally last? Dan Chung, the chief executive officer of Alger, shares his thoughts and explain where the fund firm is looking for investment opportunities.Mentioned in this podcast:False Bottom or Start of Something Big: On This Rally’s StaminaExtreme Valuations, Gaping Margins and a Haven in Market StormSee omnystudio.com/listener for privacy information.

Harnessing Bloomberg's reporting from every continent, Bloomberg's daily Prognosis podcast brings the news, data and analysis you need for living in the time of Covid-19. In around ten minutes, we will explain the latest developments in health and science, the impact on individuals, industries and governments and the adaptions they are making in the face of the global pandemic. Come back every weekday afternoon for a short dose of the best information about the novel coronavirus from more than 120 bureaus around the world.First episode drops Thursday, March 26. Subscribe on Apple Podcasts, Spotify, or wherever you listen.See omnystudio.com/listener for privacy information.

While the bear market in stocks has been alarming, dislocations in the corporate credit markets are arguably more dangerous for the stability of the financial system and the economy. Winifred Cisar, head of credit strategy at Wells Fargo Securities, gives her thoughts on the situation.Mentioned in this podcast:Global Credit Market Turmoil Rips From Australia to U.S. MunisFed Feels Heat to Pump Out More Loans, Go Past Crisis-Era RulesSee omnystudio.com/listener for privacy information.

As if the last few weeks weren’t volatile enough, this one was even worse. Swings were so wild that exchange-rules forced trading halts – multiple times. Thursday saw the worst day for the S&P 500 since 1987’s Black Monday crash, and the record long bull market came to a close. Cracks are forming in the credit markets, and classic hedges aren’t working the way they should. Lauren Goodwin, an economist and multi-asset portfolio strategist at New York Life Investments, explains why she’s not yet buying into this dip. Also joining the podcast is Bloomberg MLIV blogger Kriti Gupta, who discusses what an oil-price war means for global economies and energy firms.Mentioned in this podcast:Bull Market Ends Like It Began: In Chaos, Without Any WarningCredit Market Stress Deepens With Companies Racing to Raise CashBear Market Signals Over 80% Chance of Recession Hitting U.S.See omnystudio.com/listener for privacy information.

Spasms of volatility continued to shake financial markets this week as the novel coronavirus spread in the U.S. and Europe. When will it all end and when will it be safe to buy this epic dip in the stock market? No one knows for sure. However, Naufal Sanaullah, chief macro strategist at hedge fund EIA All Weather Alpha Partners, explains what he’s looking for as a signal the tide is turning. Also joining the show is Bloomberg reporter Luke Kawa, who discusses how volatility markets are handling the turbulence.Mentioned in this podcast: Wall Street’s Pros Fess Up: ‘We Don’t Know What’s Going On’Trump Signs $7.8 Billion Virus Bill After Infections IncreaseSee omnystudio.com/listener for privacy information.

Financial markets around the world have been roiled by the spread of the novel coronavirus, and it’s unclear what if anything the Federal Reserve and other central banks can do to stop the bleeding. Kathy Jones, chief fixed income strategist at Charles Schwab Corp., joins this week’s “What Goes Up” podcast to discuss the limited impact the Fed may have. Bloomberg’s Chris Nagi also joins the discussion to discuss the historic plunge in the stock market.Mentioned in this podcast:Wall Street Seeks the Right Metaphor for the Virus MeltdownReddit’s Profane, Greedy Traders Are Shaking Up the Stock MarketSee omnystudio.com/listener for privacy information.

Flows into ProShares exchange-traded funds this year show investor appetite for investments that benefit from a declining stock market as the coronavirus threatens economic growth and investor confidence. Simeon Hyman, head of investment strategy at ProShares, and Bloomberg’s Rachel Evans explain how investors are positioning themselves amid the uncertainty. Mentioned in this podcast: Riskiest ETFs Get Green Light, But Brokers Might Not Touch ThemSee omnystudio.com/listener for privacy information.

With passive and factor investing dominating the strategies of more and more investors, one would be forgiven for thinking that traditional bottoms-up stock picking is a dying art. But they’d be wrong. This week features Glenn Gawronski, who led the JPMorgan Small Cap Equity Fund to a top 1% performance in its Morningstar category before leaving to start his own investing firm called Byron Place Capital Management. Also joining the show is Bloomberg columnist John Authers, who talks about some of his recent columns about value investing and the European debt crisis. Mentioned in this podcast:A Three-Legged Stool Approach to Finding Great Stocks To Invest In Value Investing’s Time to Shine Again Is Approaching Now We Can Say Euro-Zone Crisis Is Finally OverSee omnystudio.com/listener for privacy information.

China’s intense effort to contain the deadly new coronavirus is causing major damage to the nation’s economy and sending ripples through global financial markets. But it hasn’t shaken the conviction of Barry Gill, head of investments at UBS Asset Management, who is bullish on China’s long-term prospects as the nation continues to shift to a consumer-oriented economy. Bloomberg consumer-team editor Sally Bakewell also discusses how the coronavirus is affecting U.S. companies.Mentioned in this podcast: The Lasting Toll of a Deadly VirusTesla’s 10,000% Options Surge Leaves Stock Gains in the DustSee omnystudio.com/listener for privacy information.