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

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Speaker 2: Single best idea on a Monday and eventful Monday, of course,

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Speaker 2: with the death of Pope Francis, and thanks to our

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Speaker 2: team for putting together some interesting conversations on his passing

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Speaker 2: and on the future of the Catholic Church and around that.

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Speaker 2: The future of the market's really difficult. Asia opening at

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Speaker 2: seven pm on Sunday and it rolled right over into

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Speaker 2: the markets today. We're really following this almost tick by tick.

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Speaker 2: I do not buy the idea, folks that this is

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Speaker 2: just about worries of fed independence in jerown power. There's

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Speaker 2: much more going on than that. We heard that from

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Speaker 2: liz Anne Saunders of Charles Schwab. My first question to

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Speaker 2: her was on oh, you know, growth and the unemployment

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Speaker 2: rate and such. But on the equity market, it's sort

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Speaker 2: of like every other conversation. Now what we.

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Speaker 3: Were pounding the table last year on the face of

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Speaker 3: very strong performance, be mindful of not letting your portfolio

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Speaker 3: get as concentrated as what's embedded in these cap weighted indexes,

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Speaker 3: and really pushing the notion of diversification. So you really

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Speaker 3: come back to the basics. It's maybe boring to talk

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Speaker 3: about the basics when the market is flying broadly or

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Speaker 3: you've got the Magnificent seven flying. But that's really what

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Speaker 3: it comes down to, is that you would have been

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Speaker 3: at least relatively protected by not letting your portfolio get

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Speaker 3: that concentration, by having diversification across asset classes and even

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Speaker 3: within equities in international relative to US. So sometimes, unfortunately,

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Speaker 3: it takes a tough market environment to sort of you

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Speaker 3: send that message home in a more acute way.

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Speaker 2: Lizzie sound is there on the equity markets. And certainly,

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Speaker 2: even though we've heard that retail is putting money into stocks,

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Speaker 2: Eric Belchuna is saying that's ebbed away a little bit

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Speaker 2: here in the recent days. What I noticed last night

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Speaker 2: was the collapse of the dollar. The word I'd use here.

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Speaker 2: I rarely use this word, but it was accurate. At

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Speaker 2: seven pm Wall Street time last night, the dollar plunged

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Speaker 2: and it continued that this morning. Some real dynamics. Our

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Speaker 2: first conversation on the dollar today with Bloomberg Intelligence is

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Speaker 2: Damien Saso.

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Speaker 1: Look at China as a barometer of what happened here

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Speaker 1: when President she kind of took over and started putting

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Speaker 1: in his red lines and basically talking about his warren

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Speaker 1: the shadow banks, of which another trust, a huge billion

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Speaker 1: dollar trust in China's about to default Evich overnight. And

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Speaker 1: so you know, you've got all this stuff going on,

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Speaker 1: and President she is not going to ride to the

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Speaker 1: rescue of the markets domestically, hasn't ridden to the rescue

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Speaker 1: of wealthy Chinese households. And so if you're seeing a

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Speaker 1: lot of that kind of reverberate here in the US,

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Speaker 1: what does that mean for the US dollar? The same

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Speaker 1: thing it probably means for the China Yu Want. It's

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Speaker 1: going to decline re tik to everything else. And that's

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Speaker 1: what we're seeing here.

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Speaker 2: We're going to continue our coverage of the dollar, not

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Speaker 2: only the discrete idea of the dollar against pairs or

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Speaker 2: the blended indexes, the d X Y and then the

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Speaker 2: Bloomberg BBDXY Bloomberg Dollar Index BBDXY, which quite frankly is

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Speaker 2: more holistic, it's better math. But the venerable DXY index

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Speaker 2: of major trading partners call up the Dow Jones Industrial

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Speaker 2: average of the FX market. But we'll look at that

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Speaker 2: through the prism of equity, bond and commodity investment. Certainly,

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Speaker 2: an eventful Monday to start the week. Thank you for

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Speaker 2: your interest on YouTube, subscribe to Bloomberg podcasts and on

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Speaker 2: YouTube podcasts. It is a single best idea