WEBVTT - Single Best Idea with Tom Keene: Seema Shah & Greg Boutle

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>A single best idea, then on a Friday, things can change.

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<v Speaker 2>One of the huge advantages Paul and I have in

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<v Speaker 2>terms of just looking at the market equities, bonds, currencies,

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<v Speaker 2>commodities is a thing called Bloomberg lunch Pad. That's a software.

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<v Speaker 2>It's on the terminal. You can only get it if

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<v Speaker 2>you're a terminal user, but the terminal is sort of separate,

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<v Speaker 2>and then you bring up this separate package which can

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<v Speaker 2>customize and show you any data you want in equities, bonds, currencies, commodities.

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<v Speaker 2>It's phenomenal. When I say, oh mg, Turkish lira, it's

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<v Speaker 2>almost a forty I'm getting that off usd t R y,

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<v Speaker 2>which is a symbol, and I'm getting that off the

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<v Speaker 2>Bloomberg launchpad, and the Bloomberg launch Pad pulses. It's got

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<v Speaker 2>red and green and it has a cadence. This morning

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<v Speaker 2>it was sleepy, third week of August, fourth week of

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<v Speaker 2>August cadence, and then it was not. And of course

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<v Speaker 2>that was a presidential tweet on China. Thank you to

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<v Speaker 2>end a Kerrent in Washington for giving us wonderful perspective

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<v Speaker 2>of how China will respond. To the fury of the

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<v Speaker 2>President of the United States over the tariff trade discussions

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<v Speaker 2>with the Pacific RIM and with China. We started out

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<v Speaker 2>with Semashaw in London with Principal Asset Management Semashaw here

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<v Speaker 2>on how the continent and how the city, how London

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<v Speaker 2>looks at the meg seven.

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<v Speaker 1>I think we're just as obsessed with it as the

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<v Speaker 1>US is.

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<v Speaker 3>When you're you know, when we're talking to invesses in

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<v Speaker 3>the UK, it's the same kind of questions. They're obsessed

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<v Speaker 3>with the big tech trade. They want to know which

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<v Speaker 3>is going to persist or is it something which has

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<v Speaker 3>maybe run its course. But if you're looking at it

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<v Speaker 3>again for a longer time perspective, you don't see that

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<v Speaker 3>invested in losing much interest. They're just looking for what

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<v Speaker 3>is a buying opportunity. When can we really buy the

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<v Speaker 3>dip if there is going to be another.

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<v Speaker 2>Dip see michel A, Principal Asset Management. A lot of

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<v Speaker 2>un tech. Thank you so much to Dan Ice, particularly

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<v Speaker 2>this week for his perspective on Nvidia and other worthies

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<v Speaker 2>as well. Joining us as well. Greg Boto would be

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<v Speaker 2>MP perry by He's different. He's an equity strategist, but

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<v Speaker 2>it's really wrapped around derivative dynamics and use of derivatives

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<v Speaker 2>to support a stock market belief. He's very big right

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<v Speaker 2>now on hedging where you own a stock and you

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<v Speaker 2>write a call, and right means you wr ite right

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<v Speaker 2>like with a pencil. You bring in premium which adds

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<v Speaker 2>to your return immediately, and the price of that is

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<v Speaker 2>you give up any ginormous upside value down the road. Here,

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<v Speaker 2>Greg Battle an option writing, I.

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<v Speaker 4>Think you have to think about what are the risks

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<v Speaker 4>that you are worried about. What are you trying to hedge.

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<v Speaker 4>Is it more your syncratic stock specific or are we

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<v Speaker 4>looking for more macro hedges. We've been talking more about

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<v Speaker 4>looking at macro hedges, but going a little bit out

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<v Speaker 4>the term structure out to say the September expiry where

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<v Speaker 4>we think some of the macro weakness could start to

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<v Speaker 4>manifest a little bit more. I think the smaller midcaps,

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<v Speaker 4>so the Russell IWM, if you want to be nickel

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<v Speaker 4>short the market, then you have to be willing to

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<v Speaker 4>accept the risk that comes with For us, we think

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<v Speaker 4>there is better risk world profile and putting on hedges

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<v Speaker 4>on the downside owning optionality than there is naked short selling.

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<v Speaker 2>In tumultuous times. Greg Battle, they're trying to make a

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<v Speaker 2>little more income. We said good morning to you across

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<v Speaker 2>the nation and around the world. A major shout out

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<v Speaker 2>in a real theme of mind in the June of

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<v Speaker 2>this year is I completely underestimate the audience a serious XM.

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<v Speaker 2>It's old technology, it's not fancy digital. But it is

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<v Speaker 2>a wow that we see the response to what we're doing.

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<v Speaker 2>A serious XM Channel one twenty one. We're on YouTube.

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<v Speaker 2>Subscribe to Bloomberg podcasts and now that YouTube podcasts. This

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<v Speaker 2>is a single best idea