WEBVTT - Single Best Idea with Tom Keene: Chris Verrone & Constantine Courcoulas

0:00:02.520 --> 0:00:11.039
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:12.880 --> 0:00:15.520
<v Speaker 2>The single best idea on a Friday that I thought

0:00:15.720 --> 0:00:20.279
<v Speaker 2>would be, you know, busy and all that. Not. This

0:00:20.480 --> 0:00:24.200
<v Speaker 2>was an absolutely insane new slow including starting out of

0:00:24.760 --> 0:00:29.240
<v Speaker 2>the coverage of a derivative collapse in the United Kingdom.

0:00:29.320 --> 0:00:31.440
<v Speaker 2>I'll get to that in a moment with our wonderful

0:00:31.920 --> 0:00:35.879
<v Speaker 2>reporter Christopher Veron came in today from stratigas really important

0:00:35.920 --> 0:00:39.640
<v Speaker 2>discussion of the trends in place in the market. He

0:00:39.800 --> 0:00:44.599
<v Speaker 2>was remarkably optimistic and looked at Catharsis in software here

0:00:44.720 --> 0:00:46.760
<v Speaker 2>Christopher Verone on equities.

0:00:47.000 --> 0:00:49.120
<v Speaker 3>So I think that trend that began really in late

0:00:49.200 --> 0:00:52.760
<v Speaker 3>twenty twenty four continues here, and it continues in a

0:00:52.800 --> 0:00:55.440
<v Speaker 3>very big way. If you look at US marketcap as

0:00:55.480 --> 0:00:57.480
<v Speaker 3>a share of global market cap, that peaked in the

0:00:57.480 --> 0:00:59.840
<v Speaker 3>fourth quarter of twenty four, So we're almost eighteen months

0:00:59.880 --> 0:01:05.039
<v Speaker 3>into this transition. Put aside the dollar considerations form moment,

0:01:05.800 --> 0:01:08.039
<v Speaker 3>and just look in the month of February, you have

0:01:08.160 --> 0:01:10.720
<v Speaker 3>new highs in almost every global market. Where do you

0:01:10.720 --> 0:01:14.320
<v Speaker 3>not have a new high? Triple q's SMP right. The

0:01:14.360 --> 0:01:16.760
<v Speaker 3>price action is telling you the character of the global

0:01:16.840 --> 0:01:17.720
<v Speaker 3>leadership has changed.

0:01:18.240 --> 0:01:21.720
<v Speaker 2>Chrisopheron as tritigue is there, just piercing conversation. We'll do

0:01:21.800 --> 0:01:24.680
<v Speaker 2>much more st contiguous here and a company week stand

0:01:24.760 --> 0:01:30.000
<v Speaker 2>Clifton just expert on Washington policy. So here's the way

0:01:30.000 --> 0:01:33.480
<v Speaker 2>it works. People like me synthesize in I mean, I

0:01:33.480 --> 0:01:35.679
<v Speaker 2>don't have a real job. We all understand that. But

0:01:36.360 --> 0:01:42.120
<v Speaker 2>we have people here doing grunt reporting, like I'm talking serious,

0:01:43.120 --> 0:01:48.680
<v Speaker 2>serious investigative reporting. Our team at Queen Victoria Street in

0:01:48.720 --> 0:01:54.560
<v Speaker 2>London has reported on a tobaccle in the derivatives market

0:01:54.640 --> 0:01:58.840
<v Speaker 2>called MFS, which is much like what we saw a

0:01:58.920 --> 0:02:02.720
<v Speaker 2>number of months ago, quarters ago here in America. Leading

0:02:02.760 --> 0:02:07.280
<v Speaker 2>our coverage Constantine Concorus, Bluebird News London.

0:02:07.480 --> 0:02:10.040
<v Speaker 4>You know, the examples are adding up, right, first Brands,

0:02:10.680 --> 0:02:13.600
<v Speaker 4>Trickle Ore now this right, So I feel that we're

0:02:13.639 --> 0:02:17.160
<v Speaker 4>in the point in the cucle where, yeah, fraud is

0:02:17.200 --> 0:02:21.079
<v Speaker 4>surfacing to the top and people kind of push into

0:02:21.160 --> 0:02:25.640
<v Speaker 4>corners of finance to get that extra return. And it's

0:02:26.480 --> 0:02:29.639
<v Speaker 4>probably and hindsight looks like a bad idea.

0:02:29.720 --> 0:02:33.120
<v Speaker 2>Oh it sounds familiar. We will have much more on

0:02:33.160 --> 0:02:37.600
<v Speaker 2>this in the coming hours, days and weeks on podcasts.

0:02:37.600 --> 0:02:41.440
<v Speaker 2>We're on an Apple AT's Spotify on YouTube podcasts. It's

0:02:41.480 --> 0:02:44.799
<v Speaker 2>single best idea