Bloomberg Surveillance Bloomberg Surveillance TV: August 28th, 2025
26 snips
Aug 28, 2025 Gita Gopinath, Deputy Managing Director at the IMF, shares her insights on global economic shifts and the IMF's role during crises. Stuart Kaiser, Head of US Equity Trading at Citi, analyzes the S&P outlook, particularly around Nvidia's earnings, suggesting potential market reactions. Nela Richardson, Chief Economist at ADP, offers a deep dive into jobless claims and the evolving US labor market, addressing the influence of AI and consumer spending on employment. Together, they unpack the complexities shaping today's economy.
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Deceleration Is Not The Endgame
- Ives says deceleration doesn't undercut Nvidia's multi-year opportunity across robotics and autonomous systems.
- He argues current sell-offs are buying opportunities in a long AI cycle.
Nvidia Threaded The Needle For Markets
- Stuart Kaiser says Nvidia's quarter was "just about good enough" to prevent S&P selling.
- He views the report as threading the needle between growth enthusiasm and rotation to value.
Markets Are Concentrated On One Big Trade
- Kaiser notes markets are concentrated in one big trade: long growth and AI, sidelining many other stocks.
- He warns rotation into small caps has poor risk-reward heading into September.