Bloomberg Surveillance AI Jitters Return as Market Plunge Baffles Traders
Nov 21, 2025
Cameron Dawson, Chief Investment Officer at NewEdge Wealth, discusses the Fed's tricky policy choices amid market volatility. Yelena Shulyatyeva, Senior U.S. economist at the Conference Board, analyzes September’s delayed jobs report and its inflation implications. Jeff Krumpelman, Chief Investment Strategist at Mariner Wealth Advisors, shares insights on the robustness of current market valuations and sector strategies. Rich Hill, Global Head of Real Estate Strategy, explores trends in commercial real estate and the complexities of office-to-residential conversions.
AI Snips
Chapters
Books
Transcript
Episode notes
Rising Unemployment Hides Mixed Signals
- Unemployment rose partly because workers rejoined the labor force, which is healthier than layoffs.
- Yelena warns permanent layoffs also increased, making the labor signal mixed and riskier.
Shutdown's Noticeable Q4 GDP Hit
- The 43-day government shutdown likely shaves about 0.5 percentage point off Q4 GDP.
- Yelena Shulyatyeva expects some recovery but still sees a meaningful hit to growth.
Watch Alternative Data Before Fed Meetings
- The Fed will wait until the last minute and use alternative data when official numbers lag.
- Yelena Shulyatyeva advises watching Beige Book and high-frequency signals ahead of meetings.
