Bloomberg Talks Strategas Research Partners CEO Talks Financial Services
Mar 17, 2026
Jason Trennert, Chairman and CEO of Strategas and author on financial services' social purpose, appears. He discusses the role of finance in raising capital and supporting innovation. He warns about private credit's opacity and liquidity risks. He covers geopolitical worries, AI hype versus real use cases, valuation and market positioning, and how personal health shaped his perspective.
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Financial Services Serve A Social Purpose
- Financial services perform a social purpose by raising capital and funding R&D that breathes life into dreams.
- Jason Trennert emphasizes about 6 million people in the industry and wants to humanize the sector beyond negative headlines.
Private Credit's Opacity Masks Hidden Risk
- Private credit's attraction is opacity and apparent low volatility, but that opacity hides risk and can cause more problems over time.
- Trennert warns Wall Street creatively extends credit to marginal players and history shows such extensions often worsen outcomes.
Three Client Priorities: War Private Credit And AI Spend
- Strategas is focused on three client concerns: the war (geopolitical risk), private credit, and sustainability of AI-related infrastructure spend.
- Trennert notes oil's price jump and cautions a prolonged war would create real economic problems while AI capex remains hard to fade.
