WEBVTT - Single Best Idea with Tom Keene: Aoifinn Devitt & Katy Kaminski

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News. The single best idea

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<v Speaker 1>on Apple podcasts. Thank you for the interest in the podcast.

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<v Speaker 1>Six minutes, five minutes, seven minutes. Two conversations that matter.

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<v Speaker 1>The conversations this Friday were really, really different. I've never

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<v Speaker 1>said this. I'm going to say it right now. On Wednesday,

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<v Speaker 1>I thought I had a handle on what we're going

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<v Speaker 1>to do next Wednesday at the FED meeting. I was wrong.

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<v Speaker 1>In forty eight hours, there's been a complete shift in

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<v Speaker 1>the gaming of the FED meeting. I'm not a big

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<v Speaker 1>one in the parlor game. John Farrell loves it, Lisa

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<v Speaker 1>does it. I don't do it. I just really don't

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<v Speaker 1>care about the parlor game. Except on Thursday and this Friday.

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<v Speaker 1>It really, really, really mad. And it's what you've seen

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<v Speaker 1>in is melt up in stocks. We'll see where we

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<v Speaker 1>are at the market clothes on Friday into Monday and

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<v Speaker 1>Tuesday towards their FED coverage of Wednesday. If you talk

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<v Speaker 1>to someone holistic and Efan devit is like literally with

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<v Speaker 1>fingers left over on two hands. One of the best

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<v Speaker 1>in the world. She's from Ireland, hugely, hugely competent in law,

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<v Speaker 1>in investment, in finance, and you talk about the stagflation

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<v Speaker 1>of it all, a little bit of slow down, a

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<v Speaker 1>little bit of inflation, or something different. Efan devit Monetta, I.

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<v Speaker 2>Don't see the inflation part of the stagflation. I do

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<v Speaker 2>see stagnation though, and certainly within Europe there is very

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<v Speaker 2>little in terms of green shoots. We don't have that

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<v Speaker 2>same innovation and technology push that we've seen in the US.

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<v Speaker 2>The inflation, though, I think is fairly confidently in retreat

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<v Speaker 2>in Europe as it is around the world. There could

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<v Speaker 2>be spikes that could be service level spikes. We could

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<v Speaker 2>see some spikes and energy if we enter winter where

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<v Speaker 2>we have energy shortages or issues like that. But I

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<v Speaker 2>don't see the inflation part is really kicking us off.

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<v Speaker 2>The stagnation part that that's concerning growth is quite anemic

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<v Speaker 2>and we haven't had that hard landing. So therefore there

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<v Speaker 2>could be these cracks that will start turning into fishers

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<v Speaker 2>and ultimately will undermine some of these corporates who just

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<v Speaker 2>can't keep make ends meet or keep things together.

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<v Speaker 1>Even Devin Manetta and the equity markets, Emily Rowland John

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<v Speaker 1>Hancock was great. She's been quality by American stick with

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<v Speaker 1>that she clearly redid that call today, renewed that call today.

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<v Speaker 1>There are some others during the week. Kim Dawson of

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<v Speaker 1>Newage and Juda Martin Adams of Bloomberg Intelligence Equities both

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<v Speaker 1>said the same thing separately, which is double digit earning growth,

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<v Speaker 1>which has a huge part to do with the denominator

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<v Speaker 1>of it all over in the quant chart basis, you

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<v Speaker 1>have someone like Alpha Simplex up on the Charles River

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<v Speaker 1>in Boston, and that would be Catherine Kaminsky, just brilliant

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<v Speaker 1>with a prodigious set of academics out of the Massachusetts

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<v Speaker 1>Institute of Technology. So we did stocks, we did bonds. Hey,

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<v Speaker 1>gold record I Catherine Kaminsky on gold.

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<v Speaker 3>Gold is I mean, it's amazing. I think the recent

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<v Speaker 3>rally may be attributed to the dollar being weaker and

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<v Speaker 3>real rates going down, but you know, really, if you

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<v Speaker 3>look at that trend, it's just you know, we should

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<v Speaker 3>just be buying gold this year. You know, it's really

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<v Speaker 3>it's been very strong and it's been very resilient throughout

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<v Speaker 3>the entire year. So you know, it's the one that

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<v Speaker 3>kind of sticks out versus other commodities that are more

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<v Speaker 3>demand focus, like energies and Metals.

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<v Speaker 1>Katy Kaminski Alpha Simplex as well on your commute, Android Auto,

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<v Speaker 1>Apple car Play. Just just amazed at the international reach

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<v Speaker 1>of those two and they come up with the new

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<v Speaker 1>updates and all that as well. Google and Apple on

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<v Speaker 1>the commute, and of course ninety ninety one FM Washington,

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<v Speaker 1>Bloomberg eleven three to zero in New York, nine FM

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<v Speaker 1>in Boston as well, and then at the office the

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<v Speaker 1>distribution is YouTube. Thrilled with that, subscribe to Bloomberg Podcasts

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