Bloomberg Surveillance Bloomberg Surveillance TV: August 8th, 2025
4 snips
Aug 8, 2025 
Savita Subramanian, Head of US Equity & Quantitative Strategy at Bank of America, shares her bullish outlook on the equity market, including her ambitious S&P 500 target. Collin Martin, Fixed Income Strategist at Charles Schwab, analyzes how the bond market is reacting to the latest economic data. They dive into market sentiment, discussing potential catalysts for recovery, the impact of interest rates on small-cap vs. large-cap stocks, and the broader implications of governmental policies on investment strategies.
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Pharma Onshoring Is A Central Demand
- Bruce Hirsh says pharmaceuticals drive a large part of the U.S. deficit with Switzerland and concern the administration.
- He expects negotiators to face demands for onshoring and U.S. pharma investment commitments.
Satisfying A Single President Creates Uncertainty
- Bruce Hirsh warns that negotiating to satisfy a single president creates confusion.
- He says shifting objectives make it hard for both sides to know what will satisfy the U.S. president.
Leverage From Vagueness Can Backfire
- Bruce Hirsh notes leaving implementation details out gives leverage but risks disrupting deals.
- He cautions that post-agreement pressure can undermine the stability markets seek.