The shift to commission-free trading and the stay-at-home environment of 2020 helped usher a new army of day traders into the stock and equity-options markets. How will this influential cohort affect markets now that they account for a share of volume that rivals hedge funds?

Liz Ann Sonders, chief investment strategist at Charles Schwab, discusses this, the upcoming elections, and other market topics.

Mentioned in this podcast:

Mysterious Mega-Flows Rotate Through World’s Biggest Tech ETF

Day-Trader Options Action Is Spotted Yet Again in Nasdaq Surge

An antitrust report by Democratic staffers for the House of Representatives this week sent chills down the spine of investors holding shares of the major U.S. technology and internet companies that have driven the bull market. The report signals the likelihood of heightened regulatory scrutiny over these companies, especially if Democrats win the White House and both chambers of Congress in the November elections in a so-called “blue wave.” Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, shares his thoughts on this and other market developments.

A stock market that sometimes seems bulletproof in the face of adversity can make it challenging for hedge funds looking for companies to sell short in anticipation of share-price declines. Ben Axler of the activist fund Spruce Point Capital Management discusses where he’s looking for opportunities, including in special-purpose acquisition companies.

Mentioned in this podcast:

Blistering IPO Market Is Rekindling Dot-Com Era Froth Fears

The Tiny Activist Fund That Reaped 24% Return by Unearthing ‘Cockroaches’

Warren Buffett has referred to the massive cash pile at his company Berkshire Hathaway Inc. as his “elephant gun,” meaning he’s always on the prowl for an opportunity to shoot large sums of money at a big acquisition or investment. While he made a few deals this year as the Covid-19 pandemic roiled markets, he hasn’t been quite as active as he was during the global financial crisis more than a decade ago.

Why is that? Joining this week to discuss why is Larry Pitkowsky, co-managing partner at GoodHaven Capital Management. His GoodHaven Fund counts Berkshire Hathaway as its top holding. Pitkowsky also discusses other holdings in the fund and shares some thoughts on markets and value investing.

Mentioned in this podcast:

Amazon Tells Echelon Fitness to Stop Selling $500 Prime Bike

Can’t-Lose Trades Falter With Inflation Expectations Flagging

An explosion of trading in equity options among day-traders is suspected of helping to fuel the rally in U.S. stocks this summer. Chris Murphy, co-head of derivatives strategy at Susquehanna International Group, joins this week’s episode of the “What Goes Up” podcast to explain what happened.

Mentioned in this podcast:

The Wild Summer of 2020 Turned Small Investors Into Whales

Reddit's Stock Threads Become a Must-Read on Wall Street

The selloff in high-flying technology stocks continued this week after a breathtaking rally over the previous five months. Is the bubbling bursting, or is this just a minor setback for the perennial darlings of the market? Seema Shah, chief strategist at Principal Global Investors in London, discusses this and other important issues for the stock market.

Mentioned in this podcast:

A Week Like This Was a Long Time Coming for Day-Trader Faithful

Options Traders Whipped Up Stock Boom With SoftBank Buying​​​​​​​

The U.S. stock market’s melt-up seems to have ended in spectacular fashion this week, and now many on Wall Street are turning their attention to the election in November as a potential source of risk. Nela Richardson, senior investment strategist at Edward Jones, shares her take on this week’s market action and what to expect in November.

Mentioned in this podcast:

Low Rates Lead Investors to Look Beyond the Classic 60/40 Mix

Volatility Markets Brace for Election Drama Like Never Before

Mystery Solved: Days Like This Are What the VIX Warned About

Politics has become one of the most-important drivers in markets and this year’s U.S. presidential election is shaping up to be the main focus of traders and investors in all asset classes. Naufal Sanaullah, chief macro strategist at hedge fund EIA All Weather Alpha Partners, discusses how he’s thinking about the market implications of the race.

Mentioned in this podcast:

Volatility Markets Brace for Election Drama Like Never Before

Notorious B.I.G.’s Plastic Crown May Fetch $300,000 at Sotheby’s

KFC Suspends `It’s Finger Lickin’ Good’ Slogan Amid Pandemic

Campbell Harvey, finance professor at Duke University and a senior adviser at Research Affiliates, is well known for his research on the yield curve as a recession indicator. While no one could have possibly predicted the cause of this recession – a global pandemic – it’s still true that an inverted yield curve once again predicted an economic downturn. Harvey joins the latest episode of “What Goes Up” to discuss what the bond market is signaling now, along with his new paper on gold.

Mentioned in this podcast:

Gold, the Golden Constant, COVID-19, 'Massive Passives' and Déjà Vu

Fed Minutes Show FOMC Backs Away From September Guidance Shift

Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Group Inc., believes the Covid-19 pandemic has forced the government to embark on what could be considered an involuntary experiment with Modern Monetary Theory.

Now a managing director at wealth-advisor Tiedemann Advisors, Hormats discusses MMT, the U.S.-China relationship, prospects for a coronavirus vaccine – and how investors should think about all of it.

Mentioned in this podcast:

A Beginner’s Guide to Modern Monetary Theory

Meet the Psychic That Big-Money Wall Street Traders Depend On

At the benchmark level, equity levels by many measures look stretched. But Katie Koch, co-head of fundamental equity at Goldman Sachs Asset Management, says there’s plenty of areas within the stock market that offer good value for investors right now. She discusses which industries and companies she likes, including a couple that have been ravaged by the coronavirus like restaurants and retail.

Mentioned in this podcast:

How a Goldman Sachs Manager Is Preparing For a Post-Covid World

Lee Ferridge, head of North America macro strategy for State Street Global Markets, has been bullish on gold since late 2018, when an attempt at quantitative tightening by the Federal Reserve sent markets into a tailspin. From that moment, he knew the central bank’s balance sheet would only grow larger, a boon for real assets like gold. Now, the precious metal is smashing records, beating both stocks and bonds in 2020.

Mentioned in this podcast:

Kodak Pivots to Drugs After Abandoning Photography, Crypto

At Center of ‘Erratic’ Market Moves Is a Raging Recovery Debate

Rob Arnott, chairman and co-founder of Research Affiliates, has spent a lot of time studying market bubbles. He shares what he’s learned, and give his takeaways about the current environment for investors.

Mentioned in this podcast:

Rob Arnott Says It’s Insanely Stupid to Chase Market Bubbles

U.S. Stock Market Bull Run In Recession Makes Investors Anxious

Yes. It's a Bubble. So What?

The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had been killed in the previous five years, yet almost no one had been punished for the crimes. Bloomberg’s Blood River follows a four-year quest to find her killers – a twisting trail that leads into the country’s circles of power.

Blood River premieres on July 27.

Based in Sydney, Australia, David Adams, the chief investment officer at Reminiscent Capital, picked up on funding market stress early on. That helped his firm’s Asia-focused macro strategy implement a multi-step trade that delivered a 16.5% return in the first quarter of 2020. He joins the latest “What Goes Up” podcast to discuss how it worked, and what markets are signaling now.

Mentioned in this podcast:

Bad Breath Offers a Rare Payoff in Listerine-Royalty Stake Sale

Banksy's Covid-19 Warning

The furious rebound in the U.S. equity market over the last few months runs the risk of turning into a "melt-up," according to Wells Fargo strategist Anna Han. She explains what’s driving the surge and why it’s worrying.

Mentioned in this podcast:

Bleak Message of Economic Pain Underlies Tech’s Market Dominance

Tesla Short Shorts

The U.S. stock market headed into the Fourth of July holiday with a full head of steam after the best quarterly advance since 1998. Yet risks lie ahead this summer. Chief among them is the possibility that Congress will fail to deliver additional fiscal support for the economy as the coronavirus continues to spread, according to Jack Janasiewicz, strategist and portfolio manager at Natixis Investment Managers. Also joining the show is Bloomberg reporter Felice Maranz, who discusses the state of affairs with bank stocks and what to watch in the upcoming earnings season.

Mentioned in this podcast:

No One Can Agree on Where the Stock Market Will Be in Six Months

Stock Bulls Need Proof They Were Right to Go All In on Recovery

It’s a perennial debate among market wonks: when will growth stocks finally stop outperforming value stocks for more than a short period? And what has driven the outperformance? Daniel Davidowitz, co-head of the large-company growth team at Polen Capital Management, offers his take. First, he says, you have to deconstruct the meanings of “growth” and “value.”

Mentioned in this podcast:

Is Value Dead? Debate Rages Among Quant Greats From Fama to AQR

Stocks’ Covid Angst Takes Violent Turn After Simmering for Days

This year’s volatility in markets has highlighted how investors can protect their portfolios with tail-risk hedging strategies. Meb Faber, co-founder and chief investment officer of Cambria Investment Management, joins this week to discuss the thinking behind his firm’s tail-risk ETF (ticker: TAIL), and offer his thoughts on the state of markets.

Stocks crashed back to Earth this week after a breathtakingly fast rebound from the bear market of February and March. What caused the plunge? And is the rally over?

Medley Global Advisors macro strategist Ben Emons and Bloomberg’s Cameron Crise discuss the drivers of the wild week in markets and the hoards of newly minted day-traders who took advantage of the rebound on the latest episode of the “What Goes Up” podcast.

Mentioned on this podcast:

Hundreds of Thousands of Tiny Buyers Swarm to Insolvency Stocks

The Stocks-Only-Go-Up Strategy Falls Into a $2 Trillion Ditch

As lockdowns are eased across the country, Americans are slowly but surely getting out of their homes and engaging with the world outside again. That provides some opportunities for investors to benefit from the next group of stocks that will perform well, according to Shawn Snyder, head of investment strategy at Citigroup’s Personal Wealth Management unit. Still, some shares that did well during the lockdown represent the “future of America” and aren’t just flashes in the pan, he says.

Mentioned in this podcast:

The Really Big Stock Bull Case Says Fed Stimulus Doesn’t Go Away

Bears Thwarted Again by Stock Market That Believes in Recovery

Investors across Wall Street are beginning to wonder if the risk rebound has further room to run. Fed policy is extremely stimulative, economies are reopening, and slices of the market hit hard by Covid-19 are joining in on the rally. But GMO, the famous money manager founded by Jeremy Grantham, isn’t buying it.

Mentioned in this podcast:

Investors Pile Into Stocks That Win in a Full Economic Recovery

U.S. Corporate Bond Sales Smash Record, Soaring Over $1 Trillion

Bored Day Traders Locked at Home Are Now Obsessed With Options

What explains the resiliency of the U.S. stock market, despite the worst economic data in most of our lifetimes? Susan Schmidt, head of U.S. equities at Aviva Investors in Chicago, says the market is already looking ahead to next year. That doesn’t mean there won’t be some more volatility in the near term.

Mentioned in this podcast:

U.S. Equity Markets Stubbornly Ignore the Doom Everywhere

Extreme Behavior Is on Display Everywhere in the Stock Market

Black Swan Author Spars With Quant Legend Over Tail Risk Hedges

It was 10 years ago this month that the S&P 500 dropped 5% in four minutes. Now, the infamous day is known as the Flash Crash of May 6, 2010, and a decade later global markets are again facing extreme volatility – albeit in a different way. Joining the “What Goes Up” podcast this week is Liam Vaughan, the author of a new book, “Flash Crash: A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History,” to chronicle the historic day and how a 36-year-old day trader got caught in the middle of it all.

Also on the episode is Jafar Rizvi, portfolio manager of Harding Loevner Global Small Companies & International Small Companies Funds, who helps explain how to navigate investing in global small cap firms in the wake of the coronavirus.

Mentioned in this podcast:

The Work-From-Home Trader Who Shook Global Markets

Stock Market’s Winners Hint at Gloom Rather Than Quick Comeback

This is a year when unthinkable events have become commonplace. That has some investors wondering if the Federal Reserve could end up making what was previously an unthinkable move: purchasing stocks. Vincent Deluard, global macro strategist for brokerage INTL FCStone, discusses.

Mentioned in this podcast:

With Stocks Buybacks Halted, We’ll See How Much They Matter

Stock Fear Gauge Falls to Nine-Week Low After Topping 2008 Highs

The U.S. Treasury is auctioning a dizzying amount of bonds to pay for the government’s economic relief efforts. Will the market be able to digest this mountain of supply? Wells Fargo Securities macro strategist Zachary Griffiths discusses.

Mentioned in this podcast:

Bond Traders Signal the Path to Reopening Will Be Long and Bumpy

​​​​​​​Kudlow Says China Will Be ‘Held Accountable’ for Coronavirus

As several states take tentative steps to reopen their economies following lockdowns to slow the spread of Covid-19, the big question for investors is whether a V-shaped recovery is in store. Baird strategist Michael Antonelli discusses why he believes the economic re-openings won’t be greeted with a rally in stocks.

Mentioned in this podcast:

Bad Data Is a Given for Wall Street Gaming Out Lockdown Exit

What an Oil ETF Has to Do With Plunging Oil Prices

‘They Don’t Know What to Say’: Company Earnings Add to Confusion

They say every crisis is also an opportunity, and some trend-following investment strategies are proving that true by reaping strong returns amid the chaos in markets triggered by the Covid-19 pandemic. AlphaSimplex Group’s Managed Futures Strategy Fund is up more than 7% in 2020, reaping what the firm’s chief research strategist Kathryn Kaminski refers to as “crisis alpha.” Kaminski discusses how trend following works and how the firm’s strategy saw the crisis brewing in other markets before it sent equities into a tailspin.

Mentioned in this podcast:

Crisis or Correction? A Quant’s View of the Coronavirus

Don’t Feel Too Relieved by the Bounce Back in Stocks

Wall Street’s Bulls Drive Epic Market Split From Grim Reality

The Average U.S. Stock Is Catching None of That Megacap Magic

The Covid-19 virus is messing with all our heads, and that can cause investors to make some classic mistakes. Meanwhile, government stimulus efforts could lead to some skewed incentives for consumers and businesses. Edward Jones investment strategist Nela Richardson, who holds a doctorate in economics, gives her diagnosis of the role behavioral economics plays in the pandemic.

Mentioned in this podcast:

A Bull’s Conundrum: Rally In Stocks Is Built on Staying Inside

While the world agonizes over grim statistics showing the growing number of victims of the novel coronavirus, professional money managers are forced to make important decisions on behalf of clients without much hard data on the economic damage being done. Diane Jaffee, senior portfolio manager at TCW Group Inc., discusses how the upcoming earnings season will help provide some much-needed information. Some highlights of the conversation are below.

Mentioned in this podcast:

A Lot Is Riding on Stock Bottom Calls That Worked in a Bull Market

U.S. Jobless Claims Soar to Once-Unthinkable Record 6.65 Million

Earnings Day Blowups Seen Skyrocketing With Street Flying Blind

Quick to fall, quick to rise -- such has been the story of the stock market. After tumbling more than 30%, this week was met with the fastest period of gains since the 1930s. But will the fierce rally last? Dan Chung, the chief executive officer of Alger, shares his thoughts and explain where the fund firm is looking for investment opportunities.

Mentioned in this podcast:

False Bottom or Start of Something Big: On This Rally’s Stamina

Extreme Valuations, Gaping Margins and a Haven in Market Storm

Harnessing Bloomberg's reporting from every continent, Bloomberg's daily Prognosis podcast brings the news, data and analysis you need for living in the time of Covid-19. In around ten minutes, we will explain the latest developments in health and science, the impact on individuals, industries and governments and the adaptions they are making in the face of the global pandemic. Come back every weekday afternoon for a short dose of the best information about the novel coronavirus from more than 120 bureaus around the world.

First episode drops Thursday, March 26. Subscribe on Apple Podcasts, Spotify, or wherever you listen.

While the bear market in stocks has been alarming, dislocations in the corporate credit markets are arguably more dangerous for the stability of the financial system and the economy. Winifred Cisar, head of credit strategy at Wells Fargo Securities, gives her thoughts on the situation.

Mentioned in this podcast:

Global Credit Market Turmoil Rips From Australia to U.S. Munis

Fed Feels Heat to Pump Out More Loans, Go Past Crisis-Era Rules

As if the last few weeks weren’t volatile enough, this one was even worse. Swings were so wild that exchange-rules forced trading halts – multiple times. Thursday saw the worst day for the S&P 500 since 1987’s Black Monday crash, and the record long bull market came to a close. Cracks are forming in the credit markets, and classic hedges aren’t working the way they should. Lauren Goodwin, an economist and multi-asset portfolio strategist at New York Life Investments, explains why she’s not yet buying into this dip. Also joining the podcast is Bloomberg MLIV blogger Kriti Gupta, who discusses what an oil-price war means for global economies and energy firms.

Mentioned in this podcast:

Bull Market Ends Like It Began: In Chaos, Without Any Warning

Credit Market Stress Deepens With Companies Racing to Raise Cash

Bear Market Signals Over 80% Chance of Recession Hitting U.S.

Spasms of volatility continued to shake financial markets this week as the novel coronavirus spread in the U.S. and Europe. When will it all end and when will it be safe to buy this epic dip in the stock market? No one knows for sure. However, Naufal Sanaullah, chief macro strategist at hedge fund EIA All Weather Alpha Partners, explains what he’s looking for as a signal the tide is turning. Also joining the show is Bloomberg reporter Luke Kawa, who discusses how volatility markets are handling the turbulence.

Mentioned in this podcast:

Wall Street’s Pros Fess Up: ‘We Don’t Know What’s Going On’

Trump Signs $7.8 Billion Virus Bill After Infections Increase

Financial markets around the world have been roiled by the spread of the novel coronavirus, and it’s unclear what if anything the Federal Reserve and other central banks can do to stop the bleeding. Kathy Jones, chief fixed income strategist at Charles Schwab Corp., joins this week’s “What Goes Up” podcast to discuss the limited impact the Fed may have. Bloomberg’s Chris Nagi also joins the discussion to discuss the historic plunge in the stock market.

Mentioned in this podcast:

Wall Street Seeks the Right Metaphor for the Virus Meltdown

Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market

Flows into ProShares exchange-traded funds this year show investor appetite for investments that benefit from a declining stock market as the coronavirus threatens economic growth and investor confidence. Simeon Hyman, head of investment strategy at ProShares, and Bloomberg’s Rachel Evans explain how investors are positioning themselves amid the uncertainty.

Mentioned in this podcast:

Riskiest ETFs Get Green Light, But Brokers Might Not Touch Them

With passive and factor investing dominating the strategies of more and more investors, one would be forgiven for thinking that traditional bottoms-up stock picking is a dying art. But they’d be wrong. This week features Glenn Gawronski, who led the JPMorgan Small Cap Equity Fund to a top 1% performance in its Morningstar category before leaving to start his own investing firm called Byron Place Capital Management. Also joining the show is Bloomberg columnist John Authers, who talks about some of his recent columns about value investing and the European debt crisis.

Mentioned in this podcast:

A Three-Legged Stool Approach to Finding Great Stocks To Invest In

Value Investing’s Time to Shine Again Is Approaching

Now We Can Say Euro-Zone Crisis Is Finally Over

China’s intense effort to contain the deadly new coronavirus is causing major damage to the nation’s economy and sending ripples through global financial markets. But it hasn’t shaken the conviction of Barry Gill, head of investments at UBS Asset Management, who is bullish on China’s long-term prospects as the nation continues to shift to a consumer-oriented economy. Bloomberg consumer-team editor Sally Bakewell also discusses how the coronavirus is affecting U.S. companies.

Mentioned in this podcast:

The Lasting Toll of a Deadly Virus

Tesla’s 10,000% Options Surge Leaves Stock Gains in the Dust

Paranoia about the coronavirus is spreading rapidly around the world, and the reaction in financial markets has been swift. Principal Global Investors strategist Seema Shah discusses how the “velocity of risk” is much faster now than it was during the outbreak of a similar virus, severe acute respiratory syndrome or SARS, in 2003. Also joining the podcast is Bloomberg Opinion’s health-care columnist Max Nisen, who explains how the clinical trial process and the profit incentives for drugmakers mean the quick development of a coronavirus vaccine is unlikely.

Mentioned in this podcast:

The Market Is Trying to Put a Price on the Coronavirus Outbreak

Déjà vu? A week dominated by headlines of a spreading respiratory virus had investors recalling pandemics past, from SARS in 2003 to the Ebola scare six years ago. To discuss what the Wuhan virus could mean for markets, Dave Lafferty, chief market strategist at Natixis Investment Managers, and Ye Xie, a contributor to Bloomberg’s Markets Live blog, join the “What Goes Up” podcast.

Some highlights from Natixis’ Lafferty:

"There’s always sort of two phases: there’s the knee-jerk sort of risk-off, markets go down 1 percent, 2 percent, 3 percent, something like that, and then there’s a waiting period where we find out if it’s actually a more systemic problem. By and large in history, policy makers have gotten their arms around it, market tends to rally back."

"The thing that worries me is that there’s so much optimism priced in, and people are worried about valuation. But valuation, in and of itself, isn’t a catalyst. So in that vacuum, people tend to look for catalysts and maybe some type of epidemic or pandemic becomes the excuse they’ve been looking for to either profit-take or sell down assets that they think are expensive. So I don’t think it’s necessarily the thing that makes or breaks the market, but I would agree at these valuations, with the way the market has run, it does make for kind of a convenient excuse to take a little profit here."

Mentioned in this podcast:

‘Sharp and Short-Lived’: The Impact of Health Scares on Markets

Markets Upset From China Virus Is Only Getting Larger

Extreme Valuation Cases Wanted for a Red-Hot Rally in Equities

Sometimes, it’s best to rip up the playbook, hold your nose and buy some of the worst stocks you can find. That’s the message from Jonathan Golub, chief U.S. equity strategist at Credit Suisse. He joined this week’s “What Goes Up” podcast to explain.

“We like high quality portfolios, we like stocks that don’t have a lot of debt, we like stocks with growth and big global footprints,” Golub says. “But every one of those characteristics does well—or poorly—in certain situations.” Right now, the latter is the case, he contends. “Companies with deteriorating fundamentals that are heavily shorted are outperforming the market. And you wouldn’t normally think that, because those sound like they are negative characteristics.”

A company is shorted because investors somewhere are betting its headed for bankruptcy, which Golub says makes sense in a weak economy. But if the economy turns around, he adds, “they’re going to actually improve more than a really healthy company. And this is really frustrating for investors with a quality bias.”

Also joining the podcast is Bloomberg reporter Lananh Nguyen to discuss the takeaways from a busy week in bank earnings.

Americans are paying more and getting less for their health care than ever before. On the new season of Prognosis, reporter John Tozzi explores what went wrong.

U.S. benchmark stock indexes climbed to record highs this week even as the U.S. and Iran appeared to be on the brink of war. The return of investment-risk appetites was attributed to what appears to be a de-escalation of tensions after Iranian missiles hit U.S. targets in Iraq without causing any casualties. So is that the end of that? Not so fast, says Jonathan Mackay, senior market strategist at Schroders. Also joining the podcast is Bloomberg journalist Vildana Hajric, who discusses her reporting on how investors are reacting to the situation.

Mentioned in this podcast:

How Carlos Ghosn Became the World’s Most Famous Fugitive

Red Flags Emerge With Record-High Stocks Brushing Aside Political Turmoil

Buy the Dip, Wait and See, Add Hedges: Investors on Iran Strike

New year, new predictions. With 2020 off to the races, projections from strategists across Wall Street are now set in stone. Will market leadership change? Will a correction materialize over the next few months? What are the biggest risks? Chris Harvey, the head of equity strategy at Wells Fargo Securities, gives his view.

Mentioned in this podcast:

Maybe It’s Time to Start Worrying About Euphoria in U.S. Stocks

An inverted yield curve. Fears of recession. Three rate cuts from the Federal Reserve. And a boatload of negative yielding debt. All remnants of a year to remember, when everything rallied and U.S. stocks notched one of their best in decades. Matthew Peron, chief investment officer for City National Rochdale recounts 2019’s highlights.

It was a fabulous year to be invested in stocks or bonds. But what’s in store for 2020? Nela Richardson, an investment strategist at Edward Jones, and Bloomberg columnist Cameron Crise give their outlooks. Richardson says a lot of older clients are reluctant to make less risky investments due to the huge returns they’ve enjoyed in 2019. Meanwhile, the rally in bonds has pushed interest rates down and made the returns on fixed-income look unappealing.

Mentioned in this podcast:

Maybe It’s Time to Start Worrying About Euphoria in U.S. Stocks

U.S. Yield Curve Hits Steepest Point in Over a Year

Multiple central bank meetings, a trade deal, a U.K. election, impeachment—all in the span of a week. To make sense of it all, Mike Schumacher, the head of rates strategy at Wells Fargo Securities, joins the podcast. Also joining the podcast is Bloomberg News Executive Editor Chris Nagi, who shares his views on the equity market.

Mentioned in this podcast:

Job-Crusader Powell Signals Long Policy Pause Amid Low Inflation

Fed Aims a Half-Trillion Dollar Liquidity Hose at Year-End Risks

It Took 13 Years for the Crisis to End in U.S. Financial Stocks

Veteran stock-market strategist Jeffrey Saut’s retirement lasted only three weeks. Now he’s back, to explain why all the hand-wringing about 2020 may not be necessary. Saut isn’t worried about the “longest bull market ever” coming to an end, despite fears in some quarters that the economy is near the conclusion of the business cycle. Also joining the podcast is Bloomberg Markets Live blogger Pimm Fox, who shares his views on the outlook for equities and commodities.

Mentioned in this podcast:

Peloton Stock Is Pummeled on Backlash From ‘Gift That Gives’ Ad

A 20-Carat Blue Diamond Is Sold for Almost $15 Million

Climate change is arguably the biggest problem facing mankind in the 21st century, and any serious effort to slow it will require further massive investments in clean energy. At investment firm GMO, portfolio manager Lucas White leads a strategy that invests in companies which stand to benefit from the transition to green energy. It not only makes sound environmental sense, White says, but it also makes economic sense.

Mentioned in this podcast:

Thinking Outside the Box: How and Why to Invest in a Climate Change Strategy

As 2020 approaches, the financial industry is busy issuing global outlooks for the new year. Recession? Trade deal? Higher or lower bond yields? Wilmington Trust Corp. threw another major risk into the mix: the continued rise of populism. Luke Tilley, chief economist at Wilmington and a former adviser with the Federal Reserve Bank of Philadelphia, weighs in. Also joining the show is Bloomberg’s Katherine Greifeld, who discusses the recent drop in bond yields and what’s arguably the most-boring foreign-exchange market since 1976.

Mentioned in this podcast:

Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’

Bond Market’s Fate Hangs in Balance Before Trade-War Crunch Time

As U.S. benchmark stock indexes keep hitting new highs, at least one Wall Street strategist is on alert for a potential pullback by year’s end. Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, explains why she’s sticking with a year-end target of 2,950 for the S&P 500, about 5% below where it’s currently trading. Also joining the podcast is Bloomberg’s Ye Xie, who discusses the U.S. trade war with China and democracy protests in Hong Kong from the perspective of a global markets reporter.

Mentioned in this podcast:

FOMO Grows as Investors Scurry to Catch Stock Market Boom

U.S. Senate Readies Quick Vote on Trade Status: Hong Kong Update

Patek Philippe Watch Sells for $31 Million in Record Auction

The bond market has taken a major U-turn in recent weeks, causing the ever-important 10-year Treasury yield to jump from a three-year low of less than 1.43% in September to almost 2% on Thursday. Is this a turning point for fixed income or just a correction in an overbought Treasuries market? Robert Tipp, chief investment strategist at PGIM Fixed Income, shares his thoughts. Bloomberg Executive Editor Chris Nagi also explains what the rise in yields means for a U.S. stock market that touched record highs this week.

Mentioned in this podcast:

Career Risk Flashing in Fund Land as Only 29% Beat Benchmarks

U.S. Rates: Low for Long, But Likely Positive

Robinhood Traders Discovered a Glitch That Gave Them ‘Infinite Leverage’​​​​​​​

Correction: This post incorrectly identified Robert Tipp’s title. The post has been updated.

Negative interest rates! They’re all the rage in Europe, but could this trend come to the U.S. financial system in the foreseeable future? Lauren Goodwin, an economist and multi-asset portfolio strategist at New York Life Investment Management, explains how it could happen. Also joining the podcast is Bloomberg Opinion columnist Shira Ovide, who discusses the latest earnings reports from big tech and communications companies.

Mentioned in this podcast:

Another rate cut—Is the U.S. economy weakening?

First Obama, Then Trump, Now They Say Warren Will Crush Stocks

Alphabet Is a Money-Making Mystery But It Works

The 1963 Schwinn Catalog

Bloomberg's Travel Genius podcast is back! After clocking another hundred-thousand miles in the sky, hosts Nikki Ekstein and Mark Ellwood have a whole new series of flight hacking, restaurant sleuthing, and hotel booking tips to inspire your own getaways—along with a who's who roster of itinerant pros ready to spill their own travel secrets. From a special episode on Disney to a master class on packing, we'll go high, low, east, west, and everywhere in between. The new season starts Nov. 6.

If it can happen in Chile, it can happen anywhere. That’s what Bloomberg Opinion columnist John Authers wrote this week as demonstrations broke out across the South American nation, long considered one of Latin America’s most-stable democracies. He joins this week to discuss the consequences for markets and societies with similar economic systems. Also joining the podcast is Bloomberg reporter Molly Smith, who gives her take on the current state of credit markets.

Mentioned in this podcast:

Chile's Violence Has a Worrisome Message for the World

Authers' Newsletter: When Pensions Fail, People Get Angry

The buzz on Wall Street this week was about the latest earnings reports from the big banks, and a Vanity Fair report on suspicious “Trump Chaos” trades in the futures market. Meanwhile, a small nation in the Caribbean still claims bragging rights as one of the world’s hottest stock markets.

Breaking it all down this week are Bloomberg’s Felice Maranz and Chris Nagi. And the podcast welcomes a special guest, Jamaican commerce minister Audley Shaw, who explains how sky-high interest rates decades ago helped fuel growth in the nation’s junior stock market.

Mentioned in this podcast:

Credit Cards Are a ‘Bright Spot’ in Bank Earnings, Analysts Say

‘There Is Definite Hanky-Panky Going On:’ The Fantastically Profitable Mystery of the Trump Chaos Trades

Welcome to Jamaica, Home of the World’s Best-Performing Stock Market

Analysts Have a Few Problems With Trump ‘Chaos Trades’ Article

Federal Reserve Chairman Jerome Powell this week insisted that a plan to buy Treasury bills to build up excess bank reserves wasn’t the same thing as the central bank’s previous asset purchases, known as quantitative easing, or QE for short. Markets, however, reacted similarly to how they behaved during QE, with risky assets like stocks rallying and the Treasury yield curve steepening. Medley Global Advisors Macro Strategist Ben Emons and Bloomberg reporter Luke Kawa discuss the significance of the Fed’s latest move.

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A Repeat of 2018’s Rout Is Likely Coming, Veteran Investor Says

Nonsense Market Moves Have Investors ‘Exhausted’ by Trade Talks

Officials from China are heading to Washington for trade talks next week, just as President Donald Trump battles the House of Representatives over impeachment hearings. How should investors prepare for the collision of these two stories? Kristina Hooper, chief global strategist at Invesco, joins the latest episode of the “What Goes Up” podcast to discuss.

"What the impeachment threat does is it creates fatter tails -- it increases the likelihood of extreme outcomes," says Hooper. "Whether it is greater likelihood that the U.S. takes minor concessions from China and calls it a deal. Or we could see something moving in the opposite direction where the U.S. takes a very extreme, aggressive position with China."

Hooper also discusses why she recommends investors should take a look at emerging market debt. Also joining the podcast is Bloomberg Businessweek economics editor Peter Coy to break down the latest indicators and discuss his “Wealth Number” gauge of an individual’s net worth.

Stephanie Flanders, head of Bloomberg Economics, returns to bring you another season of on-the-ground insight into the forces driving global growth and jobs today. From the cosmetics maker in California grappling with Donald Trump's tariff war, to the coffee vendor in Argentina burdened by the nation's never-ending crises, Bloomberg's 130-plus economic reporters and economists around the world head into the field to tell these stories. Stephanomics will also look hard at the solutions, in the lead-up to Bloomberg’s second New Economy Forum in Beijing, where a select group of business leaders, politicians and thinkers will gather to chart a better course on trade, global governance, climate and more. Stephanomics will help lead the way for those debates not just with Bloomberg journalists but also discussion and analysis from world-renowned experts into the forces that are moving markets and reshaping the world. The new season of Stephanomics launches Oct. 3.

House Speaker Nancy Pelosi’s decision to open a formal impeachment inquiry over President Donald Trump’s attempt to get Ukraine to dig up dirt on former Vice President Joseph Biden exploded in the news this week, sending a shudder through America’s political foundation. For investors though, it triggered a simple question: How should I trade this?

Natixis Investment Managers Chief Market Strategist Dave Lafferty and Bloomberg reporter Luke Kawa join this week’s “What Goes Up’’ to break it all down.

“In the near term, it doesn’t strike me as something tradeable,” said Lafferty. “We don’t know what we don’t know at this point; we don’t know what the revelations will be.” As 2020 approaches, however, “it has a lot of real market implications going into the election.”

Lafferty also discusses using game theory to analyze how the impeachment proceedings may affect Trump’s trade war, and how central bank stimulus is having diminishing effects. “Super accommodative policy 10 years on now serves to undermine investor and consumer confidence, more than it does to instill it,” he said.

A stock market trying to notch new record highs this week was thrown a great deal of curve balls. Attacks on Saudi oil facilities sent crude prices surging. The Federal Reserve lowered interest rates for a second straight time through what was seen as a “hawkish cut.’’ And short-term financing costs went – as some called it – crazy. Joining this week’s "What Goes Up” podcast to make sense of it all is Liz Ann Sonders, the chief investment strategist at Charles Schwab, and Alex Harris, who covers short-term funding markets for Bloomberg News.

Mentioned in this podcast:

The Repo Market’s a Mess. (What’s the Repo Market?)

‘This Is Crazy!’: Wall Street Scurries to Protect Itself in Repo Surge

Wall Street Races to Figure Out If the Quant Stock Shock Is Over

Powell the ‘Artful Dodger’ Declines to Signal What Comes Next

Oil Having Best Week in Eight Months as Iran Sanctions Toughened

While on the surface it looked like a calm week for the stock market, there was a lot of turbulence down below. Rising interest rates caused investors to rotate out of once high-flying momentum and growth equities in favor of beaten-down value stocks.

This week’s “What Goes Up” podcast breaks it all down with Ken Fisher, the author of 11 books and billionaire founder of Fisher Investments.

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Rob Arnott Wants to Take a Victory Lap on Factor Crowding Call

When you think of the Periodic Table of Elements, what comes to mind? Maybe chemistry class, or flashbacks to memorizing combinations of letters and numbers. But what about markets? This week on “What Goes Up,” the team behind Bloomberg Businessweek’s latest issue joins to make the connection. Bloomberg's Joel Weber, Jeremy Keehn and Eddie van der Walt discuss elements from gold and silver to helium and gallium.

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Bloomberg Businessweek’s The Elements

The cost of a bacon cheeseburger. The average size of a U.S. home, and the average number of people who live in it. The number of Google searches for words like “cheap gas,” “coupons” and “Dow Jones.” Nick Colas, the co-founder of DataTrek Research, tracks all of this and more on top of a regular diet of traditional market data. Also joining the podcast is Bloomberg reporter Emily Barrett, who discusses the ferocious bond-market rally and how the Treasury is flirting with the idea of issuing 50 or 100-year bonds.

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Mnuchin Risks Unsettling Markets With Ultra-Long Treasury Bonds

Little to No Catalyst Is Needed to Push U.S. Yields Down Again

In Trump’s Tweet-Speed Market, Facts Take Back Seat to Hope

On this new season of Prognosis, we look at the spread of infections that are resistant to antimicrobial medicines. You're probably more likely to have heard of these as superbugs. Their rise has been described as a silent tsunami of catastrophic proportions. We travel to countries on the frontline of the crisis, and explore how hospitals and doctors around the world are fighting back. Prognosis’ new season launches Sept. 5.

Near record-low, and even negative, interest rates have captivated investors around the world. But are they here to stay? Chad Morganlander and Kevin Caron, portfolio managers at Washington Crossing Advisers, discuss how imbalances between China and other major economies have helped lead to a savings glut that’s depressed rates, and how the nation’s gradual shift to a more consumer-oriented economy could unwind this dynamic.

Mentioned in this podcast:

China Hits Back at Trump With Higher Tariffs on Soy, Autos

Powell Speaks, Trump Tweets, China Reacts, Markets Freak. Repeat

How China Trade Policies Lead to U.S. Debt

Chaos in Hong Kong. A cross-asset market shock in Argentina. And that dreaded yield-curve inversion—a fleeting drop in 10-year U.S yields below 2-year rates—goes viral by creating panic-selling in the stock market. It was quite a week. JPMorgan Chase & Co. Global Markets Strategist Gabriela Santos joins this week's podcast to make sense of it all. Also joining hosts Sarah Ponczek and Mike Regan is Bloomberg cross-asset reporter Luke Kawa, who gives his take on the market volatility of August.

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Countdown to Catastrophe? What the Yield Curve Means for Stock Bull Markets

Equities Are on ‘Borrowed Time’ as Recession Signal Nears Inversion

The Weekly Fix: Recession or Japanification. Which Is Worse?

On Monday, China let its currency depreciate by the most since 2015, then later in the week President Donald Trump put more pressure on the Federal Reserve to cut interest rates to weaken the U.S. dollar. Has the trade war morphed into a currency war? And what are the implications for global markets? Bloomberg's Emily Barrett fills in as co-host on this week's “What Goes Up” podcast for Sarah Ponczek, while Bloomberg’s macro strategist Cameron Crise and currencies reporter Katherine Greifeld also join the conversation.

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U.S. Intervention Odds Rise as Yuan Plunge Fuels Trump’s FX Fury

What Exactly Does Trump Want for the Dollar?

The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials

The Federal Reserve has the stock market’s back, right? That’s what a lot of investors have come to believe. The so-called “Yellen put” (after former Fed Chair Janet Yellen) has rolled over into the “Powell put” (after current Fed Chair Jerome Powell) in trader parlance that likens central bank policy to options contracts protecting against losses in equities.

But what if the Powell put doesn’t do the trick this time, and economic data and corporate earnings continue to deteriorate despite interest rate cuts? What if it isn’t enough to counteract U.S. President Donald Trump’s trade war?

That’s one of the topics guest Alec Young, managing director for global markets research at FTSE Russell, explores on this week's show. Also joining the podcast is Romaine Bostick, a reporter and anchor on Bloomberg Television, to give his take on the state of play in markets, and what he’s hearing from sources on Wall Street.

The stock market is trading near record highs yet concern about a potential recession continues to linger in the air, and that’s a tough dichotomy for investors to wrap their heads around, says Shawn Snyder, head of investment strategy at Citi Personal Wealth Management. He joins the podcast to discuss how to position investments amid an uncertain outlook for the economy. Also joining the podcast is Brad Olesen, leader of Bloomberg’s U.S. stocks team, to discuss the highlights of the second-quarter earnings season.

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S&P 500’s Earnings Miracle Is Failing to Take Hold in the Second Half

Boeing Warns It May Halt 737 Output If Max Grounding Drags On

Second quarter earnings season has officially begun. This week, the biggest banks set the stage for what could mark the S&P 500’s first quarterly profit decline in three years. Will underwhelming results be enough to spur further gains in equities this year? Evan Brown, head of multi-asset strategy at UBS Asset Management, and Bloomberg finance reporter Lananh Nguyen, join Sarah Ponczek and guest co-host Chris Nagi this week. Also on the episode, a look at U.S. dollar policy with the possibility of intervention in the headlines.

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Banks' Record Earnings Show Fed Is Key to Whether Fun Continues

BofA Counters Trading Slump With Gains in Consumer Banking

Mnuchin Currency Remark Seen Raising Risk of FX Intervention

White House Knows It Needs the Fed to Make a Dent in the Dollar

With apologies to Bruce Springsteen, as the Fed prepares to cut interest rates for the first time in a decade, it looks like There Is No Alternative (again!) to U.S. equities. Is the S&P 500's rally to a fresh record a new lease on life or the last gasp before it succumbs to a corporate earnings slide? Two of Bloomberg’s finest, senior markets editor and columnist John Authers and cross-asset reporter Vildana Hajric, join Mike Regan and guest co-host Emily Barrett on this week’s What Goes Up podcast to discuss.

It's a sober view from these stock market highs. Authers walks us through the signals he’s seeing in Shiller’s CAPE measure, which suggest that current valuations are "utterly, utterly dependent at this point on low interest rates." Hajric prepares us for a less-than-stellar quarterly earnings season but, as a special bonus, she catches us up with what’s going down in the world of Bitcoin billionaires, the Winklevoss twins.

Mentioned in this podcast:

Shiller's CAPE Reveals Dangers Lurking in Stocks: John Authers

Maybe $5 Trillion Is All That Can Be Wrung From Stocks This Year

Grim Earnings Forecasts Are Getting Worse by the Week in S&P 500

The U.S. stock market’s best first half of a year since 1997 is in the books, as is a ferocious rally in Treasuries, and the second half is poised to be dominated by speculation about what the Federal Reserve will do with interest rates as cracks appear in the longest economic expansion on record. Despite the fireworks in equities and sovereign bonds, currency markets are stuck in some of the narrowest trading ranges on record. Joining the latest episode of the “What Goes Up” podcast to discuss the first half and the outlook for the rest of the year are Pimm Fox, a blogger for Bloomberg Markets Live, and Katherine Greifeld, a reporter on the bonds and foreign-exchange team.

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Be ‘Prepared for Anything’ as Trump Slams Europe, China on FX

One Look at Passive Flows Explains the Story of Markets in 2019

Trump Wants the Fed to Weaken the Dollar. Powell Says That’s Not His Job

All eyes are on the Group of 20 nations meeting in Japan this weekend, with investors on the edge of their seats for news of progress in trade talks between the U.S. and China. News reports suggest that expectations are low. But what are markets signaling? Mark Hackett, chief of investment research at Nationwide Funds Group, weighs in. Also joining the podcast is Bloomberg Markets Live blogger Ye Xie with insights on what China needs to get a trade deal done.

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A Scary View on What the G-20 Means for Stocks and a Calming One

Record highs on Fed dovishness and trade optimism

Buy Low-Tops, Sell High Tops: StockX Sneaker Exchange Is Worth $1 Billion

Simultaneous pressure from markets and President Donald Trump to lower interest rates makes Federal Reserve Chairman Jerome Powell look like a guy whose necktie is too tight, says Julian Emanuel, chief equity and derivatives strategist at brokerage BTIG. He explains why, despite that pressure, the Fed may not cut rates in July as markets expect. Also joining the podcast is Bloomberg Opinion technology columnist Shira Ovide, who discusses how Slack Technologies Inc. has made its stock-market debut at a time when subscription-based, business-to-business software stocks are hot. Mentioned in this podcast: Only Game in Town, U.S. Stocks Surge to Records in Yield Chase

What Dangers Lurk in Tech Company Emails?

Slack Poised to Join Cloud Valuations Soaring Into Thin Air

Fatter Neckties Will Save the Economy

Short-seller Ben Axler’s Spruce Point Capital Management is thriving in the age of computerized investing by going where the machines don’t. He joins this week’s conversation to share how he digs deep into proxy statements and other obscure documents to sniff out the incentive targets that influence management, and then reverse engineers the ways they’re accomplishing them. Sebastian Boyd, a Santiago, Chile-based writer for the Bloomberg Markets Live blog, also discusses the state of credit markets and what to expect from the upcoming Federal Reserve meeting.

Mentioned in this podcast:

The Tiny Activist Fund That Reaped 24% Return by Unearthing ‘Cockroaches’

Short Squeeze Fuels Junk-Bond ETF Jump After Record Bearish Bets

Fed Seen on Track for 2019 Rate Cut Though Call Is Close

In the midst of a multi-front trade war, Wall Street has advised that investors shun emerging market stocks. Rob Arnott, the founder of Research Affiliates and “godfather” of smart beta investing, disagrees. It's why half of his personal portfolio now sits in developing-nation value stocks, and his firm’s models predict U.S. equities will only return half of a percentage point in real terms over the next decade. Bloomberg’s Chris Nagi, a Bloomberg markets executive editor, also joins the conversation to discuss what Federal Reserve Chair Jerome Powell’s “appropriate” comments mean for stocks.

Mentioned in this podcast: ‘Do They Have Enough Ammo?’: Markets Mull Potency of a Powell Put Pioneer of Yield-Curve Recession Indicator Says Don't Relax Yet Risk-On Is Back as Rally-Hungry Bulls Set Aside Trade Fears

Investors hadn’t quite finished wrapping their heads around what the escalating trade tensions with China would mean for their portfolios when President Donald Trump lobbed another bombshell into markets: the threat of tariffs on all imports from Mexico unless the nation halts the flow of immigrants crossing the border into the U.S. Bloomberg Opinion columnist Brian Chappatta joins the “What Goes Up” podcast to discuss the market’s reaction and why, despite the threat of higher prices from tariffs, investors are betting on lower interest rates. Also joining the show is Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, who describes her firm’s deep-dive research into how trade tensions will affect companies. They went through 500 conference-call transcripts over three quarters and lived to tell about it!

Mentioned in this podcast: S&P 500 Is at Risk of a 10% Tumble as Trade Angst Deepens, RBC Says Bond Traders Start Panic Buying in New Yield OrderPimco Warns That Central Banks Can’t Rescue the Bond Market Wall Street’s Darkening Trade War Gloom Means Tossing Old Advice

Relations between the U.S. and China took a dangerous turn this week, according to Bloomberg Intelligence’s Gina Martin Adams: It’s now a technology war, not just a trade war. She joins co-hosts Sarah Ponczek and Mike Regan on the latest episode of the “What Goes Up” podcast. Also joining the show is Bloomberg’s Emily Barrett, a reporter on the bonds and foreign-exchange team, who talks about expectations for a low-inflation environment reflected in market pricing and what the latest Federal Reserve minutes signal for the path of interest rates.

Donald Trump’s bestseller "The Art of the Deal" is often cited by those trying to understand the president’s negotiating tactics as he escalates trade tensions with China. Ben Emons, a macro strategist at Medley Global Advisors, has been reading a different book in an attempt to understand the other side: ``The Art of War,” an ancient Chinese military strategy tome by Sun Tzu. Emons joins hosts Sarah Ponczek and Mike Regan this week to discuss the risks and opportunities in global markets as the trade war heats up. Also joining the podcast is Ye Xie, a Bloomberg Markets Live blogger, who gives his take on the situation and recommends some other literature that may illuminate China’s strategy.

Mentioned in this podcast: Bonds Calling the Shots for Stocks as Rate Cuts Outweigh Trade Markets That Priced in a Trade Skirmish Now Brace for a Bruising Fight The Perils of Betting on a Quick End to U.S.-China Trade War

Renewed trade tensions between the U.S and China arrived in markets like a “skunk at the garden party,” according to David Joy, the chief market strategist at Ameriprise Financial who has more than 40 years of experience in investment management. He tells co-hosts Sarah Ponczek and Mike Regan how he’s expecting markets to handle this pungent new arrival on the latest episode of the “What Goes Up” podcast.

Along with that skunk, Uber Technologies arrived at the garden party of public markets this week with its long-awaited initial public offering. Kathleen Smith, co-founder of Renaissance Capital and manager of the IPO exchange-traded fund, joins the podcast to assess Uber and the rest of the money-losing herd of unicorns that may make 2019 a record year for IPO issuance.

As always, the hosts and guests finish up with a discussion of the craziest things they saw in markets this week.

These days about one in three bites of food you eat wouldn’t be possible without commercial bee pollination. And the economic value of insect pollination worldwide is estimated to be about $217 billion. But as important as bees have become for farming, there’s also increasing signs that bees are in trouble. In the decade-plus since the first cases of Colony Collapse Disorder were reported, bees are still dying in record numbers, and important questions remain unanswered. On this new miniseries, host Adam Allington and environment reporters David Schultz and Tiffany Stecker travel to all corners of the honeybee ecosystem from Washington, D.C., to the California almond fields, and orchards of the upper Midwest to find answers to these questions.

Campbell Harvey, finance professor at Duke University and a senior adviser at Research Affiliates, joins Sarah Ponczek and Mike Regan in this week’s episode of the “What Goes Up” podcast. He discusses his dissertation on the yield curve and what he calls the “Four Horsemen” of a recession. He’s joined by Bloomberg strategist Cameron Crise, who gives a former macro trader’s perspective on how academic research like Harvey's influences buying and selling decisions.

Mentioned in this podcast:

The Fourth Horseman of the Next Recession ApproachesAlice’s Adventures in Factorland: Three Blunders That Plague Factor InvestingThe Management of Political Risk

On the debut episode of “What Goes Up,” hosts Sarah Ponczek and Mike Regan explore what’s driving the stock market’s gains and why some bears are skeptical that the rally will be sustainable. Bloomberg executive editor Chris Nagi and cross-asset reporter Luke Kawa also join the conversation and look at how crude oil and the dollar have also been rallying, and why those gains could have huge implications for all manner of investments.

Mentioned in this podcast: All the Stuff Bears Are Saying to Spoil the S&P 500 Record PartyRed-Hot Nasdaq Run Is the Triumph of a Few Stocks Over the ManyKing Dollar Defies the Doubters as the U.S. Provides Investors an ‘Oasis’Oil Market Confounded Again as Trump Surprises on Iran Sanctions

On this new show from Bloomberg, hosts Mike Regan and Sarah Ponczek are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.