Bloomberg: Bloomberg Surveillance
4/23/2024 11:47am
... cash -- into cash. we are looking at levels in government bonds. more importantly in credit. we feel this is a pretty good opportunity to get in. jonathan: that was bob michele at jp morgan. treasury yields holding at ...
Bloomberg: Bloomberg Surveillance
4/22/2024 12:44pm
... well then which is going to bite first? is it going to be a stock selloff, or is it going to be some sort of bond market rally akin to what bob michele was talking about? jonathan: the competition for capital continues. ...
Bloomberg: Bloomberg Surveillance
4/22/2024 12:06pm
... i'm not saying we are going right back to that relationship, it just gives you an idea how into are relative bonds. lisa: bob michele also seeing a potential inflection point, but in the opposite direction. ...
Bloomberg: Bloomberg Surveillance
4/19/2024 12:59pm
... and definitely not in 25. jonathan: the conversations will continue when we are back in new york city. jp morgan's bob michele and ...
Bloomberg: Bloomberg Surveillance
3/26/2024 11:53am
... lisa: earlier this week, or actually last week, bob michele said he is really changing his tune when it comes to investment debt but also more broadly with respect to private credit and how much that has been a stabilizer for the override this credit market. do you agree that this is ...
Bloomberg: Bloomberg Surveillance
3/25/2024 12:01pm
... right now. this is 'bloomberg surveillance' with jonathan ferro, lisa abramowicz, and annmarie hordern. jonathan: this is torture for equity market bears. every single our bob michele of jp morgan, i feel great. he was bearish a year ago. ...
Bloomberg: Bloomberg Surveillance
3/25/2024 11:45am
... re-acceleration where we will eventually roll into a recession. they are waiting for a better buying opportunity. jonathan: that conversation up next. bob michele says he feels great. he has not been as bullish since the mid to thousands. ...
Bloomberg: Bloomberg Surveillance
3/22/2024 12:56pm
... enough time for a final thought. what a week. everything rally. this idea of mid 2000's sums it up. we heard that from bob michele and reiterated. mohamed said where are we at ...
Bloomberg: Bloomberg Surveillance
3/22/2024 12:01pm
... s&p 500. here is the flavor of the last two hours. bullish. seriously. really bullish. really constructive. bob michele from jp morgan comes on the program. we estimate very straightforward ...
Bloomberg: Bloomberg Surveillance
3/22/2024 11:44am
... for you downside her upside, it's still upside risk. jonathan: bob michele said -- lisa: upside risk. jonathan: what is this remind ...
Bloomberg: Bloomberg Surveillance
3/22/2024 11:01am
... jonathan: at this point in the morning we need to catch up with the equity market. the bullish portion has been overwhelming. bob michele with us earlier this ...
Bloomberg: Bloomberg Surveillance
3/22/2024 10:16am
... it, there will be a productive use to it. i am very optimistic. jonathan: this was thoughtful stuff. it is great to catch up with you. bob michele of jp morgan. let's get you updated with other ...
Bloomberg: Bloomberg Surveillance
3/22/2024 10:05am
... and peter oppenheimer of goldman sachs with u.s. stocks cruising to all-time highs. u.s. stocks posting another record heading towards the biggest week of gains this year. bob michele running the soft ...
Bloomberg: Bloomberg Surveillance
3/22/2024 10:05am
... to it. equity futures positive .1%. yields lower. down three basis points on the 10 year. 4.2375. we will catch up with bob michele, bloomberg's alex webb, ...
Bloomberg: Bloomberg Surveillance
3/21/2024 12:55pm
... it's a sign of a healthy ipo market. that's -- jon: appreciate the thoughts. brian on reddit. this is what's happening tomorrow. bob michele of jp morgan, peter ...
Bloomberg: Bloomberg Surveillance
1/29/2024 12:52pm
... to go at a time we are about to get a refunding announcement from the treasury department with potentially 4.1 billion dollars -- trillion dollars in spending dollars. what is the risk? do you agree with bob michele there is a shortage of bonds, or ...
Bloomberg: Bloomberg Surveillance
1/29/2024 12:36pm
... where do they come from? chris: credit and volatility go hand in hand. in the bid for -- i think you're talking about bob michele's, the bid for rates for duration, now all of a sudden at 5%, nobody ...
Bloomberg: Bloomberg Surveillance
1/29/2024 12:31pm
... there are not enough bonds according to some people. there are others watching this closely to understand how they are going to be sold. jonathan: you mean bob michele's clients at j.p. morgan? lisa: yeah. [laughter] jonathan: crude of you tie and ...
Bloomberg: Bloomberg Surveillance
1/26/2024 1:21pm
... its act together on deficit and not paying debt on time. why bother with that when you can buy other products and get a spread to treasuries and have utter governance? lisa: bob michele talks about ...
Bloomberg: Bloomberg Surveillance
1/26/2024 1:19pm
... the 3.8% seems insufficient here. compare and contrast your thoughts than what we heard from bob michele. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 1:02pm
... the sentiment shift, amazing. bob michele, j.p. morgan asset management. not enough bonds. lisa: this is when we were expecting recession and now we are in this goldilocks moment. a year ago people were talking ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:56pm
... bob: once the fed starts cutting rate with the money coming into the market it will happen this year. jonathan: bob michele with j.p. morgan asset management. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:46pm
... we retain core holding an investment bonds. bob michele is back with us and you mention this briefly. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:40pm
... us and we will expand on that conversation. bob michele with jp morgan and on credit. s&p futures almost totally unchanged. elsewhere this morning, here is ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:35pm
... bob michele writing this, whatever the mirror image of stagflation is thus what we wound up with. given the momentum it's difficult to imagine anything other than french growth ahead. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:30pm
... sure, honey! this generation is so dramatic! move with the xfinity 10g network. jonathan: brace yourself, bob michele jp morgan. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:28pm
... looking ahead to the fed meeting. bob michele before the fed meeting. that's coming up on bloomberg surveillance. i don't want you to move. i'm gonna miss you so much. ...
Bloomberg: Bloomberg Surveillance
1/26/2024 12:05pm
... this, mohamed l rainey and -- el erian and bob michele. ...
Bloomberg: Bloomberg Surveillance
1/5/2024 12:06pm
... how quickly can the fed try to get that soft landing. jonathan: how big is the spread between with the fed will do and what they should do? your colleague bob michele said the fed should cut to get ahead of the neck shock. -- next shock. _ ...
Bloomberg: Bloomberg Surveillance
1/5/2024 11:05am
... jonathan: i want to bring up that word from bob michele. have a read at this. 'now that inflation has come down before the next shot materializes, the fed should start cutting rates.' what do think about that? ...
Bloomberg: Bloomberg Surveillance
12/13/2023 1:26pm
... jonathan: i guess he found out pretty quickly. coming up, kathy jones, bob michele of jp morgan, a fight to stick lineup ahead of the ...
Bloomberg: Bloomberg Surveillance
12/1/2023 12:32pm
... lisa: maybe there was enough stability to get long-term buyers to come back? it is noticeable that some of the buyers like bob michele were really bullish on bonds but they did not have the technicals behind them. ...
Bloomberg: Bloomberg Surveillance
10/20/2023 12:38pm
... tom: i want to know on a friday morning the calls you are having. they are swearing at bob michele, etc. what are they actually doing with these bond losses? writing them out? meera: some of that but a lot of clients are not positioned ...
Bloomberg: Bloomberg Surveillance
10/13/2023 10:37am
... market specialist saying we have 7% on the 10-year yield. lisa a: he was later asked, could you see 8%? and he said yes. like why not? jonathan: somewhat of a bob michele strategist. ...
Bloomberg: Bloomberg Surveillance
10/6/2023 11:14am
... base case? priya: absolutely not. i would argue there are values in bonds. tom: 90 sound like bob michele. [laughter] jonathan: coming up, nadia ...
Bloomberg: Bloomberg Daybreak Australia
10/5/2023 10:33pm
... saying we could see some sort of on selloff instead, and essentially this is coming through from rather bond rather coming through from bob michele, nthat is his view he is with us a feweeks back, but essentially same with such a briskly mounting, so that will ...
Bloomberg: Bloomberg Surveillance
10/5/2023 11:36am
... were going to freeze time. from bob michele and kelsey berro at j.p. morgan and were going to ask you to look at baseball question. ...
Bloomberg: Bloomberg Surveillance
9/27/2023 11:56am
... disinflation narrative. when we see the job market suffer that will be a signal. jonathan: bob michele from jp ...
Bloomberg: Bloomberg Surveillance
9/27/2023 11:44am
... jonathan: we will continue this conversation with bob michele. that conversation will continue. ...
Bloomberg: Bloomberg Surveillance
9/20/2023 10:51am
... it is too early to get confident but it feels that u.s. supply-side is improving. tom: i know you and bob michele are not on speaking terms but the few times you have to get together and dovetail your economics into bob michele's ...
Bloomberg: Bloomberg Surveillance
9/19/2023 12:17pm
... without him? lisa: the shadow of bob michele hanging over him. jonathan: a statement has just come through from the uaw president. i want to share it with you. ...
Bloomberg: Bloomberg Surveillance
9/19/2023 12:17pm
... the bank of japan is actually potentially changing course. jonathan: the founder of thematic markets. can i just say quick, i referred to him as london's bob michele and bob michele appears around the corner. does bob let you go anywhere ...
Bloomberg: Bloomberg Surveillance
9/15/2023 12:09pm
... bob michele's view. but then we have this oil currency pressure on asia and swims that does create serious downside risk in rate -- on asia _ ...
Bloomberg: Bloomberg Surveillance
9/12/2023 12:31pm
... but per our conversation. bob michele there was brilliant. without a mind, with international economics expert ...
Bloomberg: Bloomberg Surveillance
9/12/2023 12:14pm
... jonathan: are you comfortable with him leaning the attack? bob: they have more than just him. jonathan: we will have another round of conversation with bob ...
Bloomberg: Bloomberg Surveillance
9/12/2023 12:13pm
... are completely data dependent starting tomorrow. robust. jonathan: equity futures are here negative by a 3%. we will have a second round with bob michele. ...
Bloomberg: Bloomberg Surveillance
9/12/2023 12:12pm
... jonathan: let's dig into that and about five minutes time. tom: the data flow that were seeing, i've got a couple more questions for bob michele. we ...
Bloomberg: Bloomberg Surveillance
9/12/2023 11:56am
... jonathan: man city? tom: i'm learning. jonathan: bob michele joins us ...
Bloomberg: Bloomberg Surveillance
9/6/2023 12:12pm
... lisa: bob michele said there was no disagreements. jonathan: it's a disagreement about people who take cruises. it's the same about airlines. lisa: that's not what i said. jonathan: you would go with ...
Bloomberg: Bloomberg Daybreak Asia
8/21/2023 0:06am
... one, shared by many, including bob michele of jp morgan. plenty forecasting recession and saying it might be a good time to buy bonds but you would have been badly bruised if you have done that up until now so what starts to reverse that? isaac: i mean, that's right. ...
Bloomberg: Bloomberg Daybreak Australia
8/20/2023 10:49pm
... and j.p. morgan asset management is one of them. bob michele is essentially saying buy every wc in bond prices, because he is confident that yields will fall after the last fed hike, and there is the delayed effect of the tightening ...
Bloomberg: Bloomberg Surveillance
8/3/2023 10:39am
... quarters, but beyond that, around 5%. jonathan: bob michele was talking about that exact same thing. we have this headline from bank of america just yesterday, about ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:55pm
... hearing from brian weinstein of morgan stanley saying he sees the floor for 10 year yields a 4%. we have heard from bob michele saying no, what we are seeing is inflation coming down rapidly. do you have a view on where the market is pricing it and what is the likely outcome? ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:39pm
... it is concerning because where does that leave the juice to stimulate? bob michele of j.p. morgan asset management was just here and he was saying it is a backward looking indicator and the economy is not that strong. do you pushback on the? ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:20pm
... in a sharp kind of v-shape and it does not send invitations beforehand saying hey, i'm ready to go, it just goes. i think these dynamics could be quite abrupt. jonathan: bob michele is quite like me, he cannot help it, he ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:19pm
... lisa: what do you make of what bob michele is talking about, the ism component of the manufacturing survey showing aerial deterioration in the employment? there does seem to be signs that not all is right. the flip side of the strength ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:18pm
... still negative by 0.5%. alongside lisa, i am jonathan ferro. joining us is bob michele and nathan sheets. you've had a chance to go through that number, 324, does it matter? then you get a number like that. does it matter? ...
Bloomberg: Bloomberg Surveillance
8/2/2023 12:07pm
... payrolls report is 200k. bob morgan -- bob michele from j.p. morgan asset management joins us to go through some of this. good morning. what a morning already. let's start with the downgrade. i wonder from your perspective, ...
Bloomberg: Bloomberg Surveillance
8/2/2023 11:56am
... adp ahead of the real one, the headline one on friday, the official payrolls report. we are looking for a decent number on friday, $200000. mike mckee will break down that adp report. bob michele from jp morgan will be sitting in that seat breaking ...
Bloomberg: Bloomberg Surveillance
8/2/2023 11:56am
... 4% is the bottom of the range for yields for 10 year treasuries. that's a game changer for the entire risk reward spectrum. i am very curious to hear what bob michele has to say about that. jonathan: a higher inflation ...
Bloomberg: Bloomberg Surveillance
8/2/2023 11:53am
... capital markets responding to that downgrade from fitch yesterday afternoon. looking ahead to those earnings from apple and amazon on thursday. getting the likes of bob michele at j.p. morgan asset management to respond to the latest development in the bond market. ...
Bloomberg: Bloomberg Surveillance
8/2/2023 11:13am
... welcome to the program. s&p negative by 0.45%. coming up at 8:00 a.m. hour, 45 minutes from now, we catch up with bob michele of jp morgan, asset management. ...
Bloomberg: Bloomberg Surveillance
8/2/2023 10:14am
... you. equities down by 0.7%. bob michele of jp morgan coming up later. live from new york city, good mo the first time you connected your godaddy website and your store was also the first time you realized. well, we can do anything. cheesecake cookies? the chookie! ...
Bloomberg: Bloomberg Markets
7/26/2023 5:28pm
... some insurance in case that stock should materialize in the next couple of months. sonali: that is anna wong. next, we have an all-star lineup of experts, including j.p. morgan's bob michele joining the ...
Bloomberg: Bloomberg Surveillance
7/26/2023 11:04am
... you will not be clocking out at 10:00 a.m. we have bob michele and diane. before that meeting, we get june new home sales. ...
Bloomberg: Bloomberg Surveillance
7/26/2023 10:04am
... 1:30. bill dudley will be here with bob michele and diane swonk. before that, new home sales. we are expecting some reef celebration which we have seen in pricing. ...
Bloomberg: Bloomberg Surveillance
7/17/2023 10:41am
... them is bob michele. are you getting phone calls about bond issuance? kelsey: we are and there is a bifurcation between the market so high-yield has been a market that has not had very much issuance. you have investment grade ...
Bloomberg: Bloomberg Real Yield
7/14/2023 5:05pm
... even happens and we heard from bob michele earlier whose gearing up for some big moves in the global bond market, saying -- _ ...
Bloomberg: Bloomberg Surveillance
7/14/2023 10:13am
... do not think that is in the thinking, zeitgeist, certainly not in the market. lisa: the point of a soft landing until it is a hard landing is something people have been talking about. jp morgan bob michele who is ...
Bloomberg: Bloomberg Real Yield
6/16/2023 5:16pm
... jp morgan's bob michele says that the fed is finally done, it is time to exit the cash-strapped. [video clip] >> if we are right and this is -- we have seen the last fed rate hike and the market starts pricing in rate cuts, cash returns will start to ...
Bloomberg: Bloomberg Surveillance
6/2/2023 11:39am
... ism coming down, these are good indicators that goods deflation is going to continue. lisa: we spoke with bob michele and he said he expects a rapid deflation in certain sectors. ...
Bloomberg: Bloomberg Surveillance
6/1/2023 10:01am
... republic was taken out by jp morgan. tom: i thought bob michele of jp morgan was riveting and 80 -- in his view of this. that is a huge 44 june -- story _ ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:47pm
... non-recession america looks at what bob michele said and michael says rates are coming down, inflation will come down and what that means is the income we make will be more valuable, inflation-adjusted incomes will expand. ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:41pm
... commodities. i think we're seeing that play out. tom: thank you so much. maybe a softer tone than we heard from bob michele. are we lucky on this day of ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:40pm
... others -- the calendar is moving forward. what we hear from bob michele, blerina uruci is something in january or late last year and they are now saying we will compress this in four or five months. lisa: how much does he have to ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:31pm
... of demand. but that is really the issue. all of a sudden you have bob michele and others saying the clients you have seen in broader commodity sector is telling us -- declines you have seen in ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:12pm
... he saying the 10 year would not give performance the same way. i find that interesting. lisa: it goes against with bob michele is talking about but the fear that 60/40 would not work people are sticking with the belief of looking for diversification other ways. jonathan: equity futures little ...
Bloomberg: Bloomberg Surveillance
5/31/2023 12:01pm
... a commodity slow down the. bob michele looking for 3%. leading the way in the commodity slow down, american oil $67.53. nothing else has to be said today. ...
Bloomberg: Bloomberg Surveillance
5/31/2023 11:48am
... tom: we continue with bob michele, what a pleasure to have them for the entire half hour. i want to recapitulate what you said in a previous section. you are looking in the vicinity for labor day for a 3% market. ...
Bloomberg: Bloomberg Surveillance
5/31/2023 11:42am
... of supply. begot paramedics -- the bottlenecks have cleared. jon: we will talk more about this. bob michele will be sticking with us. ...
Bloomberg: Bloomberg Surveillance
5/31/2023 11:34am
... did you see bob michele's undersecretary? joining us is bob michele. i want to go back to 1984. you are a youngling at bankers trust. ...
Bloomberg: Bloomberg Surveillance
5/31/2023 11:34am
... bob michele saying we are going to get a pause. the good news from up -- bob michele it's it sounds like his boss agrees with them. -- the good news from -- for bob _ ...
Bloomberg: Bloomberg Markets
4/26/2023 5:02pm
... pick up where bob michele left off. it has been one month of eerie calm after two months of banking turmoil. how much of the credit crunch narrative is baked into the markets? kristina: i certainly think ...
Bloomberg: Bloomberg Surveillance
4/11/2023 12:26pm
... that no one on the planet believes except kristalina georgieva. jonathan: i throw in bob michele of jp morgan asset management. we are only 40 basis points on the 10 year yield. tom: i take your point of 40 ...
Bloomberg: Bloomberg Surveillance
4/7/2023 11:31am
... bob michele of jp morgan things the whole curve, 3.0%. tom: that's stunning. that goes to what we're talking about has this 10 year real yield which i don't think it is talked about enough is coming down, showing that not a ways ...
Bloomberg: Bloomberg Surveillance
4/4/2023 10:09am
... response, it sparked inflation, it is proceeding along what me -- what may be the most classic cycles in our lifetime. it just takes time. lisa: bob michele came out and ...
Bloomberg: Bloomberg Surveillance
3/24/2023 10:42am
... financial stress is disinflationary shock. bob michele of jp morgan said every single point across the curve, dovishly called. -- that was the called. lisa: i'm old enough and people ...
Bloomberg: Bloomberg Surveillance
3/22/2023 12:19pm
... bob michele at jp morgan. even they are tightening credit conditions and increasing the risk aversion. with headlines like what came of this morning, mortgage rates fell to its lowest level in five weeks. ...
Bloomberg: Bloomberg Surveillance
3/21/2023 10:34am
... lisa: are they coming with a clear guide? none of us have known. we don't know what kind of inflationary period we are in. bob michele said stickier ...
Bloomberg: Bloomberg Surveillance
3/20/2023 12:38pm
... get inflation down, we still think that. if anything, the developments in the banks over the last couple of weeks have probably pulled forward those recession probabilities somewhat. lisa: this is what bob michele was saying as well. ...
Bloomberg: Bloomberg Daybreak Australia
3/19/2023 10:42pm
... are reassessing their view on risk assets as well as the interest rate path bob michele saying he could see as soon as september rate cuts. that specter raises the question , ok, what about inflation? these are some of the ways that the landscape has hermetically ...
Bloomberg: Bloomberg Daybreak Australia
3/19/2023 10:27pm
... about a year later. jonathan: bob michele at jp morgan weighing on the situation, weighing in on what he thinks is going to happen with monetary policy after the banking failures we have seen over the last few weekends. ...
Bloomberg: Bloomberg Daybreak Australia
3/19/2023 10:20pm
... markets chief at the new york federal reserve -- i'm curious from your vantage point whether you see that reflected in your inflation expectations, to join with bob michele and say he can see the whole curve hundred 3% over the next year? ...
Bloomberg: Bloomberg Daybreak Australia
3/19/2023 10:17pm
... months 18 months forward. that invert it at the end of last year and generally, once that inverts, you have recession about a year later. jonathan: bob michele at j.p. morgan asset management in the last hour -- just absolutely fantastic. off the back of this banking ...
Bloomberg: Leaders with Lacqua
3/19/2023 9:49pm
... bob michele and he was saying he has brought forward his expectation for how quickly recession will take hold. what is your sense of what has changed? seema: we were negative coming into this year. we were expecting the recession to come in the second half of ...
Bloomberg: Bloomberg Real Yield
3/17/2023 5:18pm
... government bonds or high-quality corporate and securitized credit. katie: still with us we have tony rodriguez, subadra pajappa, and michael contopoulos. tony, obviously bob michele is ...
Bloomberg: Bloomberg Surveillance
3/17/2023 11:08am
... dividend oriented. the looking outside the u.s. into international ideas which have still trended higher relative. lisa a: michael earlier this week was almost john -- bob michele earlier this week was on with john. ...
Bloomberg: Bloomberg Surveillance
3/16/2023 10:53am
... it and some believe they will do it. tom: our job is not to inform the debate will listen to the debate. bob michele sandra phlippen and --and sandra: aren't you ...
Bloomberg: Bloomberg Surveillance
3/16/2023 10:47am
... has the potential to be the greatest gaff since the ecb hike to rates in june 2008. jonathan: is this a big moment for the ecb all -- all over again? bob michele. ...
Bloomberg: Bloomberg Daybreak Australia
3/15/2023 10:35pm
... portfolios, issues that were being criticized by others in the industry that were saying that the fed will need to raise rates to up to 6% or 7%. we still see stronger employment figures, wages going up and they were expecting a soft landing. now bob michele says what has ...