Climate change is arguably the biggest problem facing mankind in the 21st century, and any serious effort to slow it will require further massive investments in clean energy. At investment firm GMO, portfolio manager Lucas White leads a strategy that invests in companies which stand to benefit from the transition to green energy. It not only makes sound environmental sense, White says, but it also makes economic sense. Mentioned in this podcast: Thinking Outside the Box: How and Why to Invest in...
Nov 29, 2019•30 min
As 2020 approaches, the financial industry is busy issuing global outlooks for the new year. Recession? Trade deal? Higher or lower bond yields? Wilmington Trust Corp. threw another major risk into the mix: the continued rise of populism. Luke Tilley, chief economist at Wilmington and a former adviser with the Federal Reserve Bank of Philadelphia, weighs in. Also joining the show is Bloomberg’s Katherine Greifeld, who discusses the recent drop in bond yields and what’s arguably the most-boring f...
Nov 22, 2019•31 min
As U.S. benchmark stock indexes keep hitting new highs, at least one Wall Street strategist is on alert for a potential pullback by year’s end. Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, explains why she’s sticking with a year-end target of 2,950 for the S&P 500, about 5% below where it’s currently trading. Also joining the podcast is Bloomberg’s Ye Xie, who discusses the U.S. trade war with China and democracy protests in Hong Kong from the perspective of a global ...
Nov 15, 2019•33 min
The bond market has taken a major U-turn in recent weeks, causing the ever-important 10-year Treasury yield to jump from a three-year low of less than 1.43% in September to almost 2% on Thursday. Is this a turning point for fixed income or just a correction in an overbought Treasuries market? Robert Tipp, chief investment strategist at PGIM Fixed Income, shares his thoughts. Bloomberg Executive Editor Chris Nagi also explains what the rise in yields means for a U.S. stock market that touched rec...
Nov 08, 2019•32 min
Negative interest rates! They’re all the rage in Europe, but could this trend come to the U.S. financial system in the foreseeable future? Lauren Goodwin, an economist and multi-asset portfolio strategist at New York Life Investment Management, explains how it could happen. Also joining the podcast is Bloomberg Opinion columnist Shira Ovide, who discusses the latest earnings reports from big tech and communications companies. Mentioned in this podcast: Another rate cut—Is the U.S. economy weaken...
Nov 01, 2019•32 min
Bloomberg's Travel Genius podcast is back! After clocking another hundred-thousand miles in the sky, hosts Nikki Ekstein and Mark Ellwood have a whole new series of flight hacking, restaurant sleuthing, and hotel booking tips to inspire your own getaways—along with a who's who roster of itinerant pros ready to spill their own travel secrets. From a special episode on Disney to a master class on packing, we'll go high, low, east, west, and everywhere in between. The new season starts Nov. 6. See ...
Oct 29, 2019•1 min
If it can happen in Chile, it can happen anywhere. That’s what Bloomberg Opinion columnist John Authers wrote this week as demonstrations broke out across the South American nation, long considered one of Latin America’s most-stable democracies. He joins this week to discuss the consequences for markets and societies with similar economic systems. Also joining the podcast is Bloomberg reporter Molly Smith, who gives her take on the current state of credit markets. Mentioned in this podcast: Chil...
Oct 25, 2019•31 min
The buzz on Wall Street this week was about the latest earnings reports from the big banks, and a Vanity Fair report on suspicious “Trump Chaos” trades in the futures market. Meanwhile, a small nation in the Caribbean still claims bragging rights as one of the world’s hottest stock markets. Breaking it all down this week are Bloomberg’s Felice Maranz and Chris Nagi. And the podcast welcomes a special guest, Jamaican commerce minister Audley Shaw, who explains how sky-high interest rates decades ...
Oct 18, 2019•30 min
Federal Reserve Chairman Jerome Powell this week insisted that a plan to buy Treasury bills to build up excess bank reserves wasn’t the same thing as the central bank’s previous asset purchases, known as quantitative easing, or QE for short. Markets, however, reacted similarly to how they behaved during QE, with risky assets like stocks rallying and the Treasury yield curve steepening. Medley Global Advisors Macro Strategist Ben Emons and Bloomberg reporter Luke Kawa discuss the significance of ...
Oct 11, 2019•33 min
Officials from China are heading to Washington for trade talks next week, just as President Donald Trump battles the House of Representatives over impeachment hearings. How should investors prepare for the collision of these two stories? Kristina Hooper, chief global strategist at Invesco, joins the latest episode of the “What Goes Up” podcast to discuss. "What the impeachment threat does is it creates fatter tails -- it increases the likelihood of extreme outcomes," says Hooper. "Whether it is ...
Oct 04, 2019•34 min
Stephanie Flanders, head of Bloomberg Economics, returns to bring you another season of on-the-ground insight into the forces driving global growth and jobs today. From the cosmetics maker in California grappling with Donald Trump's tariff war, to the coffee vendor in Argentina burdened by the nation's never-ending crises, Bloomberg's 130-plus economic reporters and economists around the world head into the field to tell these stories. Stephanomics will also look hard at the solutions, in the le...
Oct 01, 2019•2 min
House Speaker Nancy Pelosi’s decision to open a formal impeachment inquiry over President Donald Trump’s attempt to get Ukraine to dig up dirt on former Vice President Joseph Biden exploded in the news this week, sending a shudder through America’s political foundation. For investors though, it triggered a simple question: How should I trade this? Natixis Investment Managers Chief Market Strategist Dave Lafferty and Bloomberg reporter Luke Kawa join this week’s “What Goes Up’’ to break it all do...
Sep 27, 2019•35 min
A stock market trying to notch new record highs this week was thrown a great deal of curve balls. Attacks on Saudi oil facilities sent crude prices surging. The Federal Reserve lowered interest rates for a second straight time through what was seen as a “hawkish cut.’’ And short-term financing costs went – as some called it – crazy. Joining this week’s "What Goes Up” podcast to make sense of it all is Liz Ann Sonders, the chief investment strategist at Charles Schwab, and Alex Harris, who covers...
Sep 20, 2019•32 min
While on the surface it looked like a calm week for the stock market, there was a lot of turbulence down below. Rising interest rates caused investors to rotate out of once high-flying momentum and growth equities in favor of beaten-down value stocks. This week’s “What Goes Up” podcast breaks it all down with Ken Fisher, the author of 11 books and billionaire founder of Fisher Investments. Mentioned in this podcast: Rob Arnott Wants to Take a Victory Lap on Factor Crowding Call See omnystudio.co...
Sep 13, 2019•30 min
When you think of the Periodic Table of Elements, what comes to mind? Maybe chemistry class, or flashbacks to memorizing combinations of letters and numbers. But what about markets? This week on “What Goes Up,” the team behind Bloomberg Businessweek’s latest issue joins to make the connection. Bloomberg's Joel Weber, Jeremy Keehn and Eddie van der Walt discuss elements from gold and silver to helium and gallium. Mentioned in this podcast: Bloomberg Businessweek’s The Elements See omnystudio.com/...
Sep 06, 2019•24 min
The cost of a bacon cheeseburger. The average size of a U.S. home, and the average number of people who live in it. The number of Google searches for words like “cheap gas,” “coupons” and “Dow Jones.” Nick Colas, the co-founder of DataTrek Research, tracks all of this and more on top of a regular diet of traditional market data. Also joining the podcast is Bloomberg reporter Emily Barrett, who discusses the ferocious bond-market rally and how the Treasury is flirting with the idea of issuing 50 ...
Aug 30, 2019•28 min
On this new season of Prognosis, we look at the spread of infections that are resistant to antimicrobial medicines. You're probably more likely to have heard of these as superbugs. Their rise has been described as a silent tsunami of catastrophic proportions. We travel to countries on the frontline of the crisis, and explore how hospitals and doctors around the world are fighting back. Prognosis’ new season launches Sept. 5. See omnystudio.com/listener for privacy information....
Aug 29, 2019•3 min
Near record-low, and even negative, interest rates have captivated investors around the world. But are they here to stay? Chad Morganlander and Kevin Caron, portfolio managers at Washington Crossing Advisers, discuss how imbalances between China and other major economies have helped lead to a savings glut that’s depressed rates, and how the nation’s gradual shift to a more consumer-oriented economy could unwind this dynamic. Mentioned in this podcast: China Hits Back at Trump With Higher Tariffs...
Aug 23, 2019•31 min
Chaos in Hong Kong. A cross-asset market shock in Argentina. And that dreaded yield-curve inversion—a fleeting drop in 10-year U.S yields below 2-year rates—goes viral by creating panic-selling in the stock market. It was quite a week. JPMorgan Chase & Co. Global Markets Strategist Gabriela Santos joins this week's podcast to make sense of it all. Also joining hosts Sarah Ponczek and Mike Regan is Bloomberg cross-asset reporter Luke Kawa, who gives his take on the market volatility of August...
Aug 16, 2019•29 min
On Monday, China let its currency depreciate by the most since 2015, then later in the week President Donald Trump put more pressure on the Federal Reserve to cut interest rates to weaken the U.S. dollar. Has the trade war morphed into a currency war? And what are the implications for global markets? Bloomberg's Emily Barrett fills in as co-host on this week's “What Goes Up” podcast for Sarah Ponczek, while Bloomberg’s macro strategist Cameron Crise and currencies reporter Katherine Greifeld als...
Aug 09, 2019•31 min
The Federal Reserve has the stock market’s back, right? That’s what a lot of investors have come to believe. The so-called “Yellen put” (after former Fed Chair Janet Yellen) has rolled over into the “Powell put” (after current Fed Chair Jerome Powell) in trader parlance that likens central bank policy to options contracts protecting against losses in equities. But what if the Powell put doesn’t do the trick this time, and economic data and corporate earnings continue to deteriorate despite inter...
Aug 02, 2019•31 min
The stock market is trading near record highs yet concern about a potential recession continues to linger in the air, and that’s a tough dichotomy for investors to wrap their heads around, says Shawn Snyder, head of investment strategy at Citi Personal Wealth Management. He joins the podcast to discuss how to position investments amid an uncertain outlook for the economy. Also joining the podcast is Brad Olesen, leader of Bloomberg’s U.S. stocks team, to discuss the highlights of the second-quar...
Jul 26, 2019•28 min
Second quarter earnings season has officially begun. This week, the biggest banks set the stage for what could mark the S&P 500’s first quarterly profit decline in three years. Will underwhelming results be enough to spur further gains in equities this year? Evan Brown, head of multi-asset strategy at UBS Asset Management, and Bloomberg finance reporter Lananh Nguyen, join Sarah Ponczek and guest co-host Chris Nagi this week. Also on the episode, a look at U.S. dollar policy with the possibi...
Jul 19, 2019•28 min
With apologies to Bruce Springsteen, as the Fed prepares to cut interest rates for the first time in a decade, it looks like There Is No Alternative (again!) to U.S. equities. Is the S&P 500's rally to a fresh record a new lease on life or the last gasp before it succumbs to a corporate earnings slide? Two of Bloomberg’s finest, senior markets editor and columnist John Authers and cross-asset reporter Vildana Hajric, join Mike Regan and guest co-host Emily Barrett on this week’s What Goes Up...
Jul 12, 2019•34 min
The U.S. stock market’s best first half of a year since 1997 is in the books, as is a ferocious rally in Treasuries, and the second half is poised to be dominated by speculation about what the Federal Reserve will do with interest rates as cracks appear in the longest economic expansion on record. Despite the fireworks in equities and sovereign bonds, currency markets are stuck in some of the narrowest trading ranges on record. Joining the latest episode of the “What Goes Up” podcast to discuss ...
Jul 05, 2019•32 min
All eyes are on the Group of 20 nations meeting in Japan this weekend, with investors on the edge of their seats for news of progress in trade talks between the U.S. and China. News reports suggest that expectations are low. But what are markets signaling? Mark Hackett, chief of investment research at Nationwide Funds Group, weighs in. Also joining the podcast is Bloomberg Markets Live blogger Ye Xie with insights on what China needs to get a trade deal done. Mentioned in this podcast: A Scary V...
Jun 28, 2019•29 min
Simultaneous pressure from markets and President Donald Trump to lower interest rates makes Federal Reserve Chairman Jerome Powell look like a guy whose necktie is too tight, says Julian Emanuel, chief equity and derivatives strategist at brokerage BTIG. He explains why, despite that pressure, the Fed may not cut rates in July as markets expect. Also joining the podcast is Bloomberg Opinion technology columnist Shira Ovide, who discusses how Slack Technologies Inc. has made its stock-market debu...
Jun 21, 2019•29 min
Short-seller Ben Axler’s Spruce Point Capital Management is thriving in the age of computerized investing by going where the machines don’t. He joins this week’s conversation to share how he digs deep into proxy statements and other obscure documents to sniff out the incentive targets that influence management, and then reverse engineers the ways they’re accomplishing them. Sebastian Boyd, a Santiago, Chile-based writer for the Bloomberg Markets Live blog, also discusses the state of credit mark...
Jun 14, 2019•30 min
In the midst of a multi-front trade war, Wall Street has advised that investors shun emerging market stocks. Rob Arnott, the founder of Research Affiliates and “godfather” of smart beta investing, disagrees. It's why half of his personal portfolio now sits in developing-nation value stocks, and his firm’s models predict U.S. equities will only return half of a percentage point in real terms over the next decade. Bloomberg’s Chris Nagi, a Bloomberg markets executive editor, also joins the convers...
Jun 07, 2019•32 min
Investors hadn’t quite finished wrapping their heads around what the escalating trade tensions with China would mean for their portfolios when President Donald Trump lobbed another bombshell into markets: the threat of tariffs on all imports from Mexico unless the nation halts the flow of immigrants crossing the border into the U.S. Bloomberg Opinion columnist Brian Chappatta joins the “What Goes Up” podcast to discuss the market’s reaction and why, despite the threat of higher prices from tarif...
May 31, 2019•34 min
