Bloomberg Surveillance AI Bulls Fuel Rally as Markets Turn to Private Eco Data
13 snips
Nov 3, 2025 Bob Michele, CIO at J.P. Morgan Asset Management, discusses the Fed's policy shift and the potential for another rate cut. Henrietta Treyz, co-founder of Veda Partners, analyzes the implications of U.S.-China trade relations on agriculture and forecasts significant farm aid. Pat Haskell, from BlackRock, shares insights on municipal bond performance and valuations, highlighting their attractiveness in the current market. The conversation highlights strategic moves in different investment sectors amidst evolving economic conditions.
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Ladder Municipal Bonds For Stability
- Start laddering municipal bonds to anchor portfolios and capture attractive tax-exempt yields.
- Municipals now offer a good equilibrium between issuance and demand after earlier cheapening.
Why Munis Rebounded After Early Weakness
- Earlier muni weakness stemmed from fears federal projects would shift costs to states and surge issuance.
- Fiscal transfers during COVID and revenue strength have since supported muni credit and rainy-day funds.
China Deal Eroded U.S. Farm Market Share
- U.S. agricultural market share with China has eroded to Brazil and Argentina after trade tensions.
- Henrietta Treyz believes the reduced China deal leaves farmers needing substantial government support.