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

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Seema Shah & Greg Boutle.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

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Episode Transcript

Speaker 1 (00:00):
Bloomberg Audio Studios, podcasts, radio news.

Speaker 2 (00:15):
A single best idea, then on a Friday, things can change.
One of the huge advantages Paul and I have in
terms of just looking at the market equities, bonds, currencies,
commodities is a thing called Bloomberg lunch Pad. That's a software.
It's on the terminal. You can only get it if

(00:36):
you're a terminal user, but the terminal is sort of separate,
and then you bring up this separate package which can
customize and show you any data you want in equities, bonds, currencies, commodities.
It's phenomenal. When I say, oh mg, Turkish lira, it's
almost a forty I'm getting that off usd t R y,

(00:57):
which is a symbol, and I'm getting that off the
Bloomberg launchpad, and the Bloomberg launch Pad pulses. It's got
red and green and it has a cadence. This morning
it was sleepy, third week of August, fourth week of
August cadence, and then it was not. And of course
that was a presidential tweet on China. Thank you to

(01:18):
end a Kerrent in Washington for giving us wonderful perspective
of how China will respond. To the fury of the
President of the United States over the tariff trade discussions
with the Pacific RIM and with China. We started out
with Semashaw in London with Principal Asset Management Semashaw here

(01:40):
on how the continent and how the city, how London
looks at the meg seven.

Speaker 1 (01:45):
I think we're just as obsessed with it as the
US is.

Speaker 3 (01:49):
When you're you know, when we're talking to invesses in
the UK, it's the same kind of questions. They're obsessed
with the big tech trade. They want to know which
is going to persist or is it something which has
maybe run its course. But if you're looking at it
again for a longer time perspective, you don't see that
invested in losing much interest. They're just looking for what
is a buying opportunity. When can we really buy the
dip if there is going to be another.

Speaker 2 (02:10):
Dip see michel A, Principal Asset Management. A lot of
un tech. Thank you so much to Dan Ice, particularly
this week for his perspective on Nvidia and other worthies
as well. Joining us as well. Greg Boto would be
MP perry by He's different. He's an equity strategist, but
it's really wrapped around derivative dynamics and use of derivatives

(02:31):
to support a stock market belief. He's very big right
now on hedging where you own a stock and you
write a call, and right means you wr ite right
like with a pencil. You bring in premium which adds
to your return immediately, and the price of that is

(02:53):
you give up any ginormous upside value down the road. Here,
Greg Battle an option writing, I.

Speaker 4 (03:02):
Think you have to think about what are the risks
that you are worried about. What are you trying to hedge.
Is it more your syncratic stock specific or are we
looking for more macro hedges. We've been talking more about
looking at macro hedges, but going a little bit out
the term structure out to say the September expiry where
we think some of the macro weakness could start to
manifest a little bit more. I think the smaller midcaps,
so the Russell IWM, if you want to be nickel

(03:26):
short the market, then you have to be willing to
accept the risk that comes with For us, we think
there is better risk world profile and putting on hedges
on the downside owning optionality than there is naked short selling.

Speaker 2 (03:37):
In tumultuous times. Greg Battle, they're trying to make a
little more income. We said good morning to you across
the nation and around the world. A major shout out
in a real theme of mind in the June of
this year is I completely underestimate the audience a serious XM.
It's old technology, it's not fancy digital. But it is

(04:01):
a wow that we see the response to what we're doing.
A serious XM Channel one twenty one. We're on YouTube.
Subscribe to Bloomberg podcasts and now that YouTube podcasts. This
is a single best idea