What Goes Up

The U.S. Treasury is auctioning a dizzying amount of bonds to pay for the government’s economic relief efforts. Will the market be able to digest this mountain of supply? Wells Fargo Securities macro strategist Zachary Griffiths discusses.

Mentioned in this podcast:

Bond Traders Signal the Path to Reopening Will Be Long and Bumpy

​​​​​​​Kudlow Says China Will Be ‘Held Accountable’ for Coronavirus

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As several states take tentative steps to reopen their economies following lockdowns to slow the spread of Covid-19, the big question for investors is whether a V-shaped recovery is in store. Baird strategist Michael Antonelli discusses why he believes the economic re-openings won’t be greeted with a rally in stocks.  

Mentioned in this podcast:

Bad Data Is a Given for Wall Street Gaming Out Lockdown Exit

What an Oil ETF Has to Do With Plunging Oil Prices

‘They Don’t Know What to Say’: Company Earnings Add to Confusion

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They say every crisis is also an opportunity, and some trend-following investment strategies are proving that true by reaping strong returns amid the chaos in markets triggered by the Covid-19 pandemic. AlphaSimplex Group’s Managed Futures Strategy Fund is up more than 7% in 2020, reaping what the firm’s chief research strategist Kathryn Kaminski refers to as “crisis alpha.” Kaminski discusses how trend following works and how the firm’s strategy saw the crisis brewing in other markets before it sent equities into a tailspin.

Mentioned in this podcast:

Crisis or Correction? A Quant’s View of the Coronavirus

Don’t Feel Too Relieved by the Bounce Back in Stocks

Wall Street’s Bulls Drive Epic Market Split From Grim Reality

The Average U.S. Stock Is Catching None of That Megacap Magic

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The Covid-19 virus is messing with all our heads, and that can cause investors to make some classic mistakes. Meanwhile, government stimulus efforts could lead to some skewed incentives for consumers and businesses. Edward Jones investment strategist Nela Richardson, who holds a doctorate in economics, gives her diagnosis of the role behavioral economics plays in the pandemic.

Mentioned in this podcast: 

A Bull’s Conundrum: Rally In Stocks Is Built on Staying Inside

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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 Market

U.S. Jobless Claims Soar to Once-Unthinkable Record 6.65 Million

Earnings Day Blowups Seen Skyrocketing With Street Flying Blind

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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 Stamina

Extreme Valuations, Gaping Margins and a Haven in Market Storm

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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.

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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. Munis

Fed Feels Heat to Pump Out More Loans, Go Past Crisis-Era Rules

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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 Warning

Credit Market Stress Deepens With Companies Racing to Raise Cash

Bear Market Signals Over 80% Chance of Recession Hitting U.S.

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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 Increase

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