Bloomberg Surveillance

Dive into the constant trading opportunities of S&P 500 and NASDAQ 100 futures and how they outpace ETFs after hours. Explore how current political movements are reshaping economic forecasts, with bold predictions for major stock indices. Discover the effects of bond normalization on equity markets, emphasizing the crucial yield curves. Plus, learn about financial suppression and its potential benefits for future free markets.

Lael Brainard, former Fed Vice Chair, addresses the possible ouster of Fed governor Lisa Cook, and the implications for central bank independence. Torsten Slok, Chief Economist at Apollo, analyzes recent economic data and risks facing the US economy. Scott Lincicome of the Cato Institute discusses the ongoing legal battles between Cook and the Trump administration. These discussions reveal crucial insights into the complexities of Fed independence amidst political pressures, with potential consequences for monetary policy and market stability.

Libby Cantrill, Head of Public Policy at PIMCO, sheds light on the political dynamics surrounding Federal Reserve Governor Lisa Cook's controversial removal attempt by President Trump. Cam Harvey, a Duke University professor, discusses tariffs, rate cuts, and the ongoing risks to Fed independence. The conversation uncovers the impact of these political tensions on market stability and the potential legal battles ahead. They highlight the critical need for a balanced approach in navigating economic policies amid rising external pressures.

Dive into the intricacies of futures markets versus ETFs, exploring how liquidity affects trading opportunities. Discover insights on the implications of nominal GDP growth and inflation on corporate earnings, showcasing the strength of recent performances. The conversation also projects the potential for the S&P 500's growth, with a bold prediction that it could hit 10,000 by 2029 if earnings reach $400 per share. Tune in for an engaging analysis that could reshape your market perspective!

Liz Thomas, Head of Investment Strategy at SoFi, discusses the equity rally paired with the Fed's potential easing of monetary policy. Steve Ricchiuto, Chief US Economist at Mizuho, analyzes Jay Powell's Jackson Hole speech and its implications for US rate cuts. Robert Tipp, Chief Investment Strategist at PGIM Fixed Income, talks about the bond market's reaction to possible Fed easing and how the 10-year yield could respond amidst inflation concerns. This dynamic trio delves into the Federal Reserve's balancing act between inflation and employment.

Ed Yardeni, Chief Investment Strategist at Yardeni Research, discusses the equity rally and the Federal Reserve's policy challenges amid a mixed labor market. Henrietta Treyz, co-founder of Veda Partners, shares insights on Congressional priorities and the upcoming tariff landscape as legislators return to work. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, offers analysis on interest rates following the Jackson Hole meeting, highlighting divisions within the Fed about potential cuts. Tune in for expert predictions on the economy's direction.

In this discussion, Jean Boivin, Head of Investment Institute at BlackRock, sheds light on US market and economic risks for 2025, offering a forward-looking perspective on global growth. Bruce Kasman, Chief Economist at JPMorgan, dives into the intricacies of the US economy and inflation, spotlighting the delicate balance facing the Federal Reserve. The conversation also touches on labor dynamics and market trends, unveiling the challenges and opportunities that lie ahead for investors and policymakers.

In this discussion, Jim Bullard, a former St. Louis Fed President and current Chief Investment Strategist at Purdue University, and Rich Clarida, former Fed Vice Chair and PIMCO Global Economic Advisor, delve into the implications of Jay Powell's Jackson Hole speech. They dissect the possibility of an interest rate cut and its connection to labor market risks. The conversation highlights challenges around managing a dual economy and the intricate relationship between inflation, tariffs, and monetary policy, offering keen insights for investors.

The atmosphere in Jackson Hole is notably subdued, contrasting with past years, as attention turns to Jerome Powell's crucial speech. Experts weigh in on the Federal Reserve's potential shifts in monetary policy amid rising inflation and a cooling labor market. The discussion includes the implications of higher long-term bond yields and how investment strategies are evolving. Tensions around tariffs and their impact on costs further complicate the economic landscape, as markets cautiously prepare for upcoming decisions.

John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., shares a bullish outlook on the S&P for 2025, arguing for the potential of equities. Meanwhile, Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, discusses the importance of Fed independence and the current labor market challenges. Their conversation touches on inflation dynamics and the delicate balance needed in monetary policy amid external pressures, emphasizing how economic indicators shape the Fed's strategies.