Bloomberg Surveillance

Sonal Desai, Fixed Income CIO at Franklin Templeton, discusses cautious duration moves and fiscal risks. Russ Koesterich, Portfolio Manager at BlackRock, explains de-risking, why traditional hedges are failing and when duration may return. Pierre Wunsch, Belgian central bank governor and ECB policymaker, debates reacting to supply shocks, timing of policy moves and balancing inflation versus growth.

Bob Michele, JPMorgan fixed‑income chief, on bond reactions and energy-driven real yields. Seema Shah, Principal Asset Management strategist, on investor positioning and regional exposure. Anna Wong, Bloomberg chief US economist, on oil-shock modeling and inflation paths. Joumanna Bercetche, reporting from Dubai, on Middle East mediation and supply-route control. They discuss markets, oil shocks, and geopolitical risks in short, sharp takes.

Market cadence shifts and Middle East developments reshaping Fed expectations. A 2026 growth outlook driven by tax, regulation, AI data centers and geopolitical risk. A deep dive into private credit’s illiquidity and the dangers of retailizing hard-to-sell assets. Clear warnings about misleading liquidity promises to everyday investors.

Matthias Cormann, OECD secretary-general offering rapid policy and outlook takes. Jonathan Lieber, Eurasia Group US research head with sharp geopolitical analysis. George Goncalves, MUFG US macro strategist on bond markets. They discuss weakening Treasury demand and higher real yields. They debate regional conflict risks, diplomatic options, and how energy shocks reshape inflation and fiscal space.

Robert Kaplan, former Dallas Fed president and Goldman Sachs vice chairman, on how geopolitical risk reshapes monetary plans and corporate strategy. Michelle Meyer, Mastercard chief economist, on inflation pressures and uneven consumer recovery. Randy Schwimmer, Churchill Asset Management strategist, on private credit liquidity, retail expectations, and middle-market resilience.

Richard Clarida, former Fed vice chair and Columbia economist, offers concise takes on models, policymaking and interest rates. Francois Trahan, BMO Capital Markets chief U.S. economist, discusses AI, productivity and who really adopts new tech. They explore how models can be backward-looking. Short, sharp conversations about monetary policy, consensus views and AI’s labor effects.

Dave McCormick, U.S. senator and former business executive and veteran, on diplomacy, military options, and energy stability. Ryan Petersen, founder and CEO of Flexport, on airfreight shocks, shipping disruptions, and tariff issues. Frances Donald, RBC chief economist, on stagflation risks, fiscal limits, and uneven global supply shocks. Multiple short takes on geopolitics, logistics, and macro risks.

Francois Trahan, BMO strategist focused on equities and cyclical rotation; Brian Belski, CEO/CIO specializing in equity strategy and portfolio construction; Tina Fordham, foreign policy analyst on Middle East dynamics; Richard Clarida, former Fed vice chair and macro policy expert. They discuss geopolitical risk from Iran, market and oil price reactions, sector rotation toward cyclicals and small caps, and the Fed’s near-term policy outlook.

Wei Li, BlackRock’s chief global strategist, offers quick macro and market perspective. He recommends flattening directional exposure while leaning into themes like supply-chain resilience and energy independence. Discussion also covers geopolitical-driven thematic opportunities, oil-driven economic ripples, and tech demand from a global compute shortage.

Emily Roland, Co-Chief Investment Strategist at Manulife IM, outlines portfolio moves, bonds, and quality stocks amid volatility. Steven Cook, CFR Middle East & Africa expert, analyzes Iran, regional diplomacy, and navigation risks in the Strait of Hormuz. Vikas Dwivedi, Macquarie oil economist, discusses Brent price scenarios, supply/demand dynamics, and mitigation options. Multiple short takes on geopolitics, markets, and energy risks.