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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: A single best idea, the single best idea. Today we

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Speaker 2: did a lot on fixed income and what a privilege

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Speaker 2: you have Michael Kelly in from Pinebridge Investments on asset allocation.

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Speaker 2: It's become a cottage industry of marketing, branding and all that.

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Speaker 2: And Michael Kelly's one of the warhorses going back decades

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Speaker 2: who invented the very serious mathematical thinking of how you

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Speaker 2: should allocate your portfolio. Great privilege to have him in. Today.

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Speaker 2: Chris Caussante came in. He's a value investor, and we

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Speaker 2: started out. He said, you know, I mean Nvidia to

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Speaker 2: him is a value stock. So we walked through that.

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Speaker 2: That was fascinating. Ups with a six percent dividend, that

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Speaker 2: was fascinating. Here's Chris Causanti on this twenty twenty six moment.

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Speaker 1: At different points of musical chairs. We all remember, you're

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Speaker 1: afraid the music's about to stop, and you're looking and

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Speaker 1: I think that's where we are now. But I don't

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Speaker 1: think the music's going to stop. And look, I'm a

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Speaker 1: value guy. I don't want to believe in a multiple

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Speaker 1: of sixty seventy times. But the earnings are there if

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Speaker 1: the music doesn't stop, and I think there's lots of

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Speaker 1: reasons to think it'll go on for another year or two.

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Speaker 1: We're building a bubble. But while we build it, this

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Speaker 1: is allah the late nineties. There's a lot of moneys

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Speaker 1: to be made, and you don't want to sit on

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Speaker 1: the sideline.

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Speaker 2: Chris CASSENTI m ai there, enthusiastic about participating, and what

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Speaker 2: I'm hearing guest after guests is frankly trying to think

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Speaker 2: through where we are. Kevin Gordon and Schwab with a

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Speaker 2: phrase of the day. It was out on Twitter. Thank you,

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Speaker 2: mister Gordon, and he's out at Pepperdine doing like alumni speeches.

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Speaker 2: It's like seventy five up there this morning. Kevin Gordon's saying, well,

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Speaker 2: this is nine weeks of January, and that's how it

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Speaker 2: feels here. Cam Dawson was in from New Edgewell. She's

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Speaker 2: living in the nine weeks of January as well. Cam

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Speaker 2: Dawson trying to measure out mathematically, like two decimal points

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Speaker 2: this earning season.

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Speaker 3: Let's listen, we've only seen about thirteen percent of the

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Speaker 3: names report. But of those thirteen percent of names, what

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Speaker 3: we're seeing is growth is coming in at eight point

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Speaker 3: two percent. That's effectively equal to the eight point three

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Speaker 3: percent that people expected going into the quarter. That's a

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Speaker 3: contrast from the last two quarters where you had beats

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Speaker 3: that were so large that you ended the quarter with

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Speaker 3: effectively double the growth rate than what you expected going in.

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Speaker 3: So that's probably why we're seeing this market more shrug

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Speaker 3: in the face of these beats versus dancing with joy

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Speaker 3: like we saw in the past couple quarters.

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Speaker 2: Karen Dawson knew as well. If really look forward to

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Speaker 2: Julian Emmanuel's evercore ISA summary that he will have out here,

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Speaker 2: I'm not quite sure. I'll bet you it'll be Thursday, Friday,

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Speaker 2: or even into the weekend and Monday before we see that.

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Speaker 2: With all the earnings that we have coming out, don't

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Speaker 2: forget Carol mass or Tim Savanovic really in the afternoon

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Speaker 2: driving that earnings dialogue here on YouTube. It's a podcast

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Speaker 2: on an up on Spotify and YouTube podcasts. Single Best

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Speaker 2: Idea