Bloomberg Surveillance Bloomberg Surveillance TV: November 14th, 2025
11 snips
Nov 14, 2025 
Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, shares warnings against market chasing amid breadth deterioration and highlights cautious investor sentiment. Bill Beach, Former Bureau of Labor Statistics Commissioner, discusses challenges in data collection post-shutdown that may impact economic indicators. Kelly Ann Shaw, former White House senior trade advisor, explains the administration's evolving tariff strategy amid public skepticism. Darrell Cronk, CIO for Wells Fargo Wealth & Investment Management, outlines his 'three I's' and advises on portfolio positioning as market dynamics shift.
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Episode notes
Breadth Deterioration Precedes Pullbacks
- Breadth deterioration plus exuberant sentiment often collide to produce 5–10% pullbacks.
- The market can still be near all-time highs while internals show meaningful weakness.
Use Pullbacks To Rebalance Into Specific Sectors
- Use pullbacks to add to names and sectors you like instead of panic selling.
- Consider healthcare, big banks, materials and energy as areas to deploy capital on weakness.
Credit Spreads Signal Tech Funding Stress
- Widening credit spreads are a canary in the coal mine for stressed tech financing.
- Heavy debt issuance by tech firms raises questions about future free cash flow and balance-sheet stress.