Bloomberg Surveillance

Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, analyzes recent equity market movements and whether we've exited correction territory. Kelsey Berro from JP Morgan Investment Management discusses how fixed income acts as a hedge amid market uncertainty. Meanwhile, Henrietta Treyz, Managing Partner at Veda Partners, shares insights on the upcoming Democratic National Convention, Kamala Harris's strategies, and how political dynamics might influence the presidential race. Together, they provide a comprehensive look at markets and the political landscape.

Amos Hochstein, Senior Advisor to the President for Energy and Investment, discusses the nuances of White House energy policy and ongoing ceasefire talks in Gaza. Steve Englander, Global Head of FX Research at Standard Chartered, analyzes the strength of the Yen and market expectations surrounding a potential rate hike from Ueda. Kelsey Berro, a Fixed Income Portfolio Manager at JPMorgan, sheds light on shifting Federal Reserve expectations in response to robust U.S. economic data, impacting investment strategies in the bond market.

Katy Kaminski, a leading analyst renowned for her market insights, joins investment strategist Aoifinn Devitt, who specializes in risk management. They delve into the current resilience of the financial markets, drawing parallels to August 1998, while discussing effective trading strategies. The conversation highlights the need for portfolio diversification beyond the classic 60-40 model. Plus, they share a delightful nod to local culture by connecting baseball teams to their nearby hot dog stands, emphasizing the importance of community.

John Bolton, a former U.S. Ambassador to the UN, discusses the escalating tensions between Israel and Iran, emphasizing the potential repercussions for U.S. foreign policy as elections approach. Darrell Cronk, Wells Fargo's Chief Investment Officer, predicts a modest economic slowdown, hinting that equities may face challenges ahead. Noel Dixon from State Street Global Markets considers the implications of Vice President Kamala Harris's upcoming economic plan amidst current market dynamics and political uncertainties.

Katy Kaminski, Chief Research Strategist at AlphaSimplex, dives into market fluctuations, emphasizing the significance of the S&P 50-day moving average. Michael Purves, Founder and CEO of Tallbacken Capital Advisors, discusses the current state of fixed income markets and the challenges faced by investors. Oliver Chen, Senior Retail Analyst at TD Cowen, highlights the impact of changing consumer behavior on luxury brands like LVMH and the evolving retail landscape, particularly the future of department stores amid economic concerns.

Tiffany Wilding, an expert in economic research, and Ian Lyngen, a specialist in interest rates, join the discussion with insights that captivate. They analyze the current retail landscape, emphasizing the strength of major retailers like Walmart amidst evolving market strategies. Wilding and Lyngen also challenge recession fears by highlighting labor market improvements and resilient retail sales, showcasing the economy's surprising vigor. Their conversation dives into the interplay of fixed income investments and technological impacts on business growth.

Tom Steyer, co-founder of Galvanize Climate Solutions, discusses the excitement within the Democratic donor class regarding Vice President Harris's economic and climate initiatives. Harry Sommer, CEO of Norwegian Cruise Line Holdings, outlines the company's innovative strategies to reshape travel trends in the cruise industry. Meanwhile, Tom Porcelli, Chief US Economist at PGIM, analyzes key data points like jobless claims and retail sales, shedding light on their implications for Federal Reserve policies and the broader economy.

Tiffany Wilding, a Managing Director at PIMCO, Dana Telsey, CEO of Telsey Advisory Group, and Amanda Lynam, Head of Macro Credit Research at Blackrock, dive deep into the current economic landscape. They discuss retail sales growth and employment trends signaling stability while addressing consumer spending disparities. The conversation highlights innovative practices in beauty retail, the rising demand for sustainable products, and the contrasting strategies of companies, including Walmart and luxury brands. They also touch on the importance of adapting to consumer behaviors, particularly in China.

Neil Dutta, a leading economic analyst, teams up with Steve Ricchiuto, a veteran in market research, to unpack crucial economic trends. They discuss the recent merger between Kellogg's and Mars, highlighting its potential market implications. The duo dives into the interplay between domestic inflation and global disinflation, shedding light on currency market influences. Additionally, they explore how technology partnerships can empower small businesses, showcasing resources like Lenovo Pro as vital tools for growth.

In this engaging discussion, Anthony 'Tony' Capuano, President and CEO of Marriott International, shares insights on travel trends and the luxury market's resurgence. David Kelly, Chief Global Strategist at JPMorgan, and Steven Ricchiuto, Chief Economist at Mizuho Securities, delve into the latest CPI data and explore inflation dynamics. They debate contrasting views on economic recovery and consumer sentiment, while highlighting the resilience of regions like Hawaii post-wildfires and the growing appetite for travel among Chinese consumers.