Mag Seven Are The New Consumer Staples: Brian Belski
May 13, 2025
1,658
22
1.33%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Podcasts Episodes Around May 13, 2025
See what was published immediately before and after this episode.
2:27Now PlayingMag Seven Are The New Consumer Staples: Brian Belski
YouTube Description
as posted by the channelBrian Belski, Chief Investment Strategist at BMO Capital Markets, joins Bloomberg Radio to discuss his bullish equity stance.
A rally in the world’s largest technology companies wiped out the stock market’s losses for the year on speculation that tensions around President Donald Trump’s trade war are cooling, with the latest inflation data showing limited pressures thus far.
Equities climbed toward the highest since February, the month that marked the S&P 500’s latest all-time high. The gauge was up almost 1% on Tuesday, with chipmakers leading the charge on news the US is preparing to announce a deal boosting Saudi Arabia’s ability to buy AI products from the likes of Nvidia Corp. and Advanced Micro Devices Inc. Short-term yields fell amid bets on two Federal Reserve rate cuts this year.
The surprisingly positive earnings season, as well as some easing of trade tensions globally, have spurred optimism after a period of doubt about the ability of US equities to meet elevated expectations for profit growth. Investors are now seeing the easing of trade tensions between the US and China as evidence of the Trump administration tempering its aggressive tariff policies.
US inflation rose by less than forecast in April amid tame prices for clothing and new cars, suggesting little urgency so far by companies to pass along the cost of higher tariffs to consumers. The temporary agreement reached over the weekend to de-escalate the trade war with China has largely scaled back projections of how much damage tariffs will inflict on the economy.
“And just like that, the markets’ twin fears – a tariff-induced recession and sticky inflation – have been greatly assuaged,” said Chris Zaccarelli at Northlight Asset Management. “We’re still concerned that high valuations and market concentration remain risks to much higher stock prices this year, but in the short run, markets should love this data and continue yesterday’s (China-trade) celebration.
The S&P 500 rose 0.7%. The Nasdaq 100 climbed 1.3%. The Dow Jones Industrial Average lost 0.3%.
The yield on 10-year Treasuries was little changed at 4.47%. The Bloomberg Dollar Spot Index fell 0.3%.
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.