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Single best idea on a Monday and eventful Monday, of course, with the death of Pope Francis, and thanks to our team for putting together some interesting conversations on his passing and on the future of the Catholic Church and around that. The future of the market's really difficult. Asia opening at seven pm on Sunday and it rolled right over into the markets today. We're really following this almost tick by tick. I do not buy the idea, folks that this is
just about worries of fed independence in jerown power. There's much more going on than that. We heard that from liz Anne Saunders of Charles Schwab. My first question to her was on oh, you know, growth and the unemployment rate and such. But on the equity market, it's sort of like every other conversation. Now what we.
Were pounding the table last year on the face of very strong performance, be mindful of not letting your portfolio get as concentrated as what's embedded in these cap weighted indexes, and really pushing the notion of diversification. So you really come back to the basics. It's maybe boring to talk about the basics when the market is flying broadly or
you've got the Magnificent seven flying. But that's really what it comes down to, is that you would have been at least relatively protected by not letting your portfolio get that concentration, by having diversification across asset classes and even within equities in international relative to US. So sometimes, unfortunately, it takes a tough market environment to sort of you send that message home in a more acute way.
Lizzie sound is there on the equity markets. And certainly, even though we've heard that retail is putting money into stocks, Eric Belchuna is saying that's ebbed away a little bit here in the recent days. What I noticed last night was the collapse of the dollar. The word I'd use here. I rarely use this word, but it was accurate. At seven pm Wall Street time last night, the dollar plunged
and it continued that this morning. Some real dynamics. Our first conversation on the dollar today with Bloomberg Intelligence is Damien Saso.
Look at China as a barometer of what happened here when President she kind of took over and started putting in his red lines and basically talking about his warren the shadow banks, of which another trust, a huge billion dollar trust in China's about to default Evich overnight. And so you know, you've got all this stuff going on, and President she is not going to ride to the rescue of the markets domestically, hasn't ridden to the rescue
of wealthy Chinese households. And so if you're seeing a lot of that kind of reverberate here in the US, what does that mean for the US dollar? The same thing it probably means for the China Yu Want. It's going to decline re tik to everything else. And that's what we're seeing here.
We're going to continue our coverage of the dollar, not only the discrete idea of the dollar against pairs or the blended indexes, the d X Y and then the Bloomberg BBDXY Bloomberg Dollar Index BBDXY, which quite frankly is more holistic, it's better math. But the venerable DXY index of major trading partners call up the Dow Jones Industrial average of the FX market. But we'll look at that through the prism of equity, bond and commodity investment. Certainly,
an eventful Monday to start the week. Thank you for your interest on YouTube, subscribe to Bloomberg podcasts and on YouTube podcasts. It is a single best idea