Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best on on the Jobs Day tomorrow will have
Speaker 2: a complete coverage of course, go beneath the headline data
Speaker 2: at eight thirty and critically for this job's day. Victoria
Speaker 2: Clark at Veronica Clark excuse me, City Group adamant. We're
Speaker 2: going to see more than the normal revisions. This is
Speaker 2: not a normal jobs Day tomorrow, and we'll really dive
Speaker 2: into that tomorrow with good conversation. Today was really something.
Speaker 2: The news flow was all over the place. We were
Speaker 2: going back and forth, and you know, Ethan brown a
Speaker 2: from Gaza was just absolutely phenomenal. We thank him first time.
Speaker 2: He's got a really important story out on the actual
Speaker 2: Gaza this morning that I'll try to get out on
Speaker 2: Twitter and a linked in. Amy who Silverman was on
Speaker 2: with RBC Capital Markets. Her lead note on the quantitative
Speaker 2: state of the market is the dispersion of the market
Speaker 2: is substantial. The distance from winners and losers is ever wider.
Speaker 2: Here is Amy Woo Silverman of RBC Capital Markets.
Speaker 3: When you have these high dispersion environments, it really really
Speaker 3: matters what you what you do do. And you know
Speaker 3: my favorite stat about this is you could have the
Speaker 3: same level of vix Tom, you could have the same
Speaker 3: level s and P draw down. But in a high
Speaker 3: dispersion environment, if you made the right stock pick versus
Speaker 3: the wrong stock pick, you know that outperformance differential could
Speaker 3: really be huge. It really matters if you're in the
Speaker 3: right sector. Is it really matters if you're in the
Speaker 3: right stocks versus a high correlation environment where it's all macro,
Speaker 3: We're all riding one wave.
Speaker 2: Amy Woo Silverman an extended conversation. They look for that
Speaker 2: out on Bloomberg Digital and of course on our podcasts
Speaker 2: as well. Typically out on YouTube and YouTube podcasts. David
Speaker 2: Rosenberg was on again, an extended conversation that could have
Speaker 2: been four hours long. Near the end of the conversation,
Speaker 2: we talked about the Canadian election. He said it is
Speaker 2: less like a French fragmentation and much more like Republicans
Speaker 2: and Democrats except their conservatives and liberals. And he was
Speaker 2: really quite brilliant on the tension in Canada and then
Speaker 2: the overlay of tariffs. He and I talked about the
Speaker 2: Saint Lawrence seaway in our childhoods of a different time
Speaker 2: of New York State and Ontario up at Gananaqua Here
Speaker 2: is David Rosenberg of Rosenberg Research on the silence of
Speaker 2: a hockey arena.
Speaker 1: I wouldn't say it's gone, but you know, it's been
Speaker 1: impaired at least for now. I really I don't like
Speaker 1: the fact that you know, we're booing, you know, national anthems.
Speaker 1: I mean, this is more about you know, half the
Speaker 1: US population voted against Trump, Like, what are you booing against?
Speaker 1: It's it's really about the president. So be the president.
Speaker 1: But the reality is that you know, politics will compulx
Speaker 1: will go. I wouldn't, you know, okay, extrapolate this into
Speaker 1: the future, but right now, right right now, I gotta
Speaker 1: say Canadians, generally speaking, and of course I live in Toronto,
Speaker 1: they're feeling really hurt by what's happened. And the thing
Speaker 1: is that I don't think the tariffs are going through,
Speaker 1: but the die has been cast and the damage is
Speaker 1: done by the way tom not just here but in
Speaker 1: the US too, because of the uncertainty that's being implemented
Speaker 1: into not just the financial markets, but in the economy.
Speaker 1: I think you're going to find the one thing that's
Speaker 1: going to be shelved in both can United States because
Speaker 1: just because of the specter and the threat of the tariff.
Speaker 1: There's going to be shelving capital spending plans.
Speaker 2: David Rosenberg of Toronto, Canada, and your commute across Canada,
Speaker 2: you commute across America, look to Apple car Play, Android
Speaker 2: Auto and Serious XM Channel one. Good Morning, ninety nine
Speaker 2: one FM in Washington. I promise Washington will have a
Speaker 2: quiet day somewhere out there. I'm not sure when it's
Speaker 2: going to be up to ninety two nine FM in
Speaker 2: Boston Good Morning as well. We're on YouTube and YouTube podcasts.
Speaker 2: It's single best idea