{"id":122339,"date":"2025-07-14T14:31:25","date_gmt":"2025-07-14T18:31:25","guid":{"rendered":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/what-is-the-state-of-play-in-global-markets-amid-volatility\/"},"modified":"2025-07-14T14:57:43","modified_gmt":"2025-07-14T18:57:43","slug":"what-is-the-state-of-play-in-global-markets-amid-volatility","status":"publish","type":[3765],"link":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/what-is-the-state-of-play-in-global-markets-amid-volatility\/","title":{"rendered":"What is the state of play in global markets amid volatility?"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n\t<section\n\tclass='bbg-row bg--white  text--black row-padding--bottom-none bbg-row--full-bg-bleed' data-anchor='row-69d7d23f7791c'\t>\n\t\t\t\t<div class=\"\n\t\tbbg-row--content\t\t\"\n>\n\t\t\t\t\t\t<div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <p>    <h1 class=\"bbg-metadata bbg-metadata--title\">What is the state of play in global markets amid volatility?<\/h1>\n<div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/financial-services\/\" rel=\"category tag\">\n                    Financial Services\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/trading\/\" rel=\"category tag\">\n                    Trading\n                <\/a>\n            <\/li>\n            <\/ul>\n<div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div>    <p class=\"bbg-metadata bbg-metadata--date\">July 14, 2025<\/p>\n\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p class=\"small\"><strong>Bloomberg Professional Services<\/strong><\/p>\n\t\t\t<\/div>\n\n<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n<\/div>\n<div  class=\"bbg-row-container\">\n\t<section\n\tclass='bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed' data-anchor='row-69d7d23f83a25'\t>\n\t\t\t\t<div class=\"\n\t\tbbg-row--content\t\t\"\n>\n\t\t\t\t\t\t<p><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-4 bbg-column--s-width-2\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"3001\" height=\"3001\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 3001w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 2048w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Square-930534_BBGT_Market_Dialogues_Podcast_Campaign_Thumbnail_Artwork-1.jpeg 108w\" sizes=\"auto, (max-width: 3001px) 100vw, 3001px\" \/>\n        \n            <\/figure>\n<\/div>\n\n\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<div class=\"flexbox\">\n<div><\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n\t\t\t<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-1 bbg-column--valign-middle\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--valign-middle\"\n    style=\"\"\n    >\n    <div\n  class=\"bb-audio\"\n  data-title=\"Market Dialogues - What is the state of play in global markets amid volatility?\"\n  data-state=\"fresh\"\n  data-audio-url=\"https:\/\/assets.bbhub.io\/professional\/sites\/41\/Market-Dialogues-What-is-the-state-of-play-in-global-markets-amid-volatility.mp3\"\n  data-label-desc=\"for Market Dialogues - What is the state of play in global markets amid volatility?\"\n  data-controls-class=\"no-controls\"\n  data-custom-controls-background=\"fill\"\n  data-theme=\"light-mode\"\n  data-progress=\"0\">\n<\/div>\n\n\n<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n<\/div>\n<div  class=\"bbg-row-container\">\n\t<section\n\tclass='bbg-row bg--white  text--black row-padding--top-none bbg-row--full-bg-bleed' data-anchor='row-69d7d23f94976'\t>\n\t\t\t\t<div class=\"\n\t\tbbg-row--content\t\t\"\n>\n\t\t\t\t\t\t<div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p>\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p><strong>Overview<\/strong><\/p>\n\t\t\t<\/div>\n\n\t\t\t\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p><span class=\"TextRun SCXW242149844 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW242149844 BCX0\">What\u2019s<\/span><span class=\"NormalTextRun SCXW242149844 BCX0\"> the path forward for global trade, investment, and the evolving financial order? How are investors reacting to increased volatility? What role can capital markets play in reshaping economic resilience?<\/span><\/span><span class=\"EOP SCXW242149844 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW105266636 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105266636 BCX0\">This episode of Market Dialogues features <\/span><\/span><strong><span class=\"TextRun SCXW105266636 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105266636 BCX0\">Bernard Mensah<\/span><\/span><\/strong><span class=\"TextRun SCXW105266636 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105266636 BCX0\">, President of Bank of America International, in conversation <\/span><span class=\"NormalTextRun SCXW105266636 BCX0\">with <\/span><\/span><strong><span class=\"TextRun SCXW105266636 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105266636 BCX0\">Francine<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW105266636 BCX0\">Lacqua<\/span><\/span><\/strong><span class=\"TextRun SCXW105266636 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW105266636 BCX0\">, Bloomberg TV Anchor and Editor-at-Large, as they discuss the economic ripples of trade policy shifts, global supply chain stress, and<\/span><span class=\"NormalTextRun SCXW105266636 BCX0\"> how<\/span><span class=\"NormalTextRun SCXW105266636 BCX0\"> consumer<\/span><span class=\"NormalTextRun SCXW105266636 BCX0\">s and banks are navigating <\/span><span class=\"NormalTextRun SCXW105266636 BCX0\">shifting markets.\u00a0<\/span><\/span><span class=\"EOP SCXW105266636 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW73148 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW73148 BCX0\"><strong>Source<\/strong>: <span class=\"NormalTextRun SCXW154884573 BCX0\">Sell-Side Leaders Forum<\/span><span class=\"NormalTextRun SCXW154884573 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW154884573 BCX0\">May <\/span><span class=\"NormalTextRun SCXW154884573 BCX0\">1<\/span><span class=\"NormalTextRun SCXW154884573 BCX0\">, <\/span><span class=\"NormalTextRun SCXW154884573 BCX0\">2025, <\/span><span class=\"NormalTextRun SCXW154884573 BCX0\">London<\/span><\/span><\/span><\/p>\n\t\t\t<\/div>\n\n\t\t\t\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p><strong>About the series<\/strong><\/p>\n\t\t\t<\/div>\n\n\t\t\t\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p><span class=\"TextRun SCXW4439746 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW4439746 BCX0\">The <strong>Market Dialogues<\/strong> podcast series provides access to curated, thought-provoking discussions from Bloomberg global events. It offers in-depth insights from experts on key trends and themes driving the markets today and beyond.<\/span><\/span><span class=\"EOP SCXW4439746 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW177851424 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW177851424 BCX0\"><span class=\"TextRun SCXW210247497 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW210247497 BCX0\">Discover more conversations in the Market Dialogues series <\/span><\/span><\/span><\/span><a class=\"Hyperlink SCXW177851424 BCX0\" href=\"https:\/\/www.bloomberg.com\/professional\/insights\/series\/market-dialogues\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW177851424 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW177851424 BCX0\" data-ccp-charstyle=\"Hyperlink\">here<\/span><\/span><\/a><span class=\"TextRun SCXW177851424 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW177851424 BCX0\">.<\/span><\/span><span class=\"EOP SCXW177851424 BCX0\" data-ccp-props=\"{&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0}\">\u00a0<\/span><\/p>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Discover more with Bloomberg newsletters<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Subscribe now<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_4237621903039315843\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--md\"\n    >\n<\/div>\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<h2><span class=\"TextRun SCXW77705474 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW77705474 BCX0\">In focus<\/span><\/span><span class=\"EOP SCXW77705474 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:279}\">\u00a0<\/span><\/h2>\n\t\t\t<\/div>\n\n\t\t\t\t\t\t<div\n\t\t\tclass='bb-wysiwyg ' style=''>\n\t\t\t<p><span class=\"TextRun SCXW232693543 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW232693543 BCX0\">Featured insights from this episode of Market Dialogues:<\/span><\/span><span class=\"EOP SCXW232693543 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong><span class=\"TextRun SCXW85455526 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW85455526 BCX0\">On <\/span><span class=\"NormalTextRun SCXW85455526 BCX0\">supply and demand shocks<\/span><\/span><span class=\"EOP SCXW85455526 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/strong><\/p>\n<p><span class=\"TextRun SCXW34604788 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW34604788 BCX0\"><strong><span class=\"TextRun SCXW77462164 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW77462164 BCX0\">Bernard Mensah<\/span><\/span><span class=\"TextRun SCXW77462164 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentHighlightRest SCXW77462164 BCX0\">:<\/span><\/span><\/strong><span class=\"TextRun SCXW77462164 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW77462164 BCX0\">China is experiencing major demand shock, [with]&#8230;containers sitting at ports. How do they cope with that? The US has a supply shock, which is <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW77462164 BCX0\">slower burning<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">.<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> The question is<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">:<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> how does the economy react to that? How do market expectations react to <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW77462164 BCX0\">it<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW77462164 BCX0\">?<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW77462164 BCX0\">&#8230;<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">The thing with the supply shock<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> is [that] <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">it&#8217;s<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> slower burning<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">.<\/span> <span class=\"NormalTextRun SCXW77462164 BCX0\">When you switch <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">[supply]<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> off or switch <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">[<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">it<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">]<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> back on, it <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">doesn&#8217;t<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> come straight back on<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">. <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">We will <\/span><span class=\"NormalTextRun SCXW77462164 BCX0\">have to<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> see<\/span><span class=\"NormalTextRun SCXW77462164 BCX0\"> how that plays <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW77462164 BCX0\">out.<\/span><\/span>*<\/span><\/span><span class=\"EOP SCXW34604788 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong><span class=\"TextRun SCXW247031161 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW247031161 BCX0\">On<\/span> <span class=\"NormalTextRun SCXW247031161 BCX0\">the resiliency of the consumer<\/span><\/span><span class=\"EOP SCXW247031161 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/strong><\/p>\n<p><span class=\"TextRun SCXW215050907 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW215050907 BCX0\"><strong>BH:<\/strong> <\/span><\/span><span class=\"TextRun SCXW215050907 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW215050907 BCX0\">Retail and consumer balance sheets are in <\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">a very good<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> place versus pre-pandemic. <\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">It&#8217;s<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> dipped a little bit, [as] inflation ate into that&#8230;, but overall, <\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">it&#8217;s<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> better. <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW215050907 BCX0\">So<\/span> <span class=\"NormalTextRun SCXW215050907 BCX0\">there&#8217;s<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> a lot more resiliency to that now. <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW215050907 BCX0\">A lot of that was<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> a shift from the public sector<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">? The government wrote a large c<\/span><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW215050907 BCX0\">heck<\/span><span class=\"NormalTextRun CommentHighlightPipeRest SCXW215050907 BCX0\"> through various stimulus<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> [packages] t<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">o the consumer<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">&#8230;<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">I think <\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">there&#8217;ll<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> be some resiliency through that.<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">..<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">T<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\">he softness in the economy, if it does happen, will be later if the supply shock<\/span><span class=\"NormalTextRun SCXW215050907 BCX0\"> feeds through. Otherwise, the consumer looks resilient.<\/span><\/span><span class=\"EOP SCXW215050907 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}\">\u00a0<\/span><\/p>\n<p><strong><span class=\"TextRun SCXW108651590 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW108651590 BCX0\">On the dealmaking slowdown<\/span><\/span><span class=\"EOP SCXW108651590 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/strong><\/p>\n<p><strong><span class=\"TextRun SCXW32006521 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW32006521 BCX0\">BH:<\/span> <\/span><\/strong><span class=\"TextRun SCXW32006521 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW32006521 BCX0\">The corporate C-<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">suite<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> is very much pulling back. <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">E<\/span><\/span><span class=\"TextRun SCXW32006521 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW32006521 BCX0\">verybody who <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">h<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">as an investment bank attached to their business says the deals<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> they<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> thought would happen, the capital markets deals, have absolutely all slowed down.<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> If <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">yo<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">u&#8217;r<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">e<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> a <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW32006521 BCX0\">corpo<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW32006521 BCX0\">ra<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW32006521 BCX0\">te<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">, <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">yo<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">u&#8217;re<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> thinking throu<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">gh<\/span> <span class=\"NormalTextRun SCXW32006521 BCX0\">wh<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">at&#8217;s<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> my <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW32006521 BCX0\">C<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW32006521 BCX0\">apEx<\/span> <span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW32006521 BCX0\">like<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">, where should I <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">invest<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> and<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> are these tariffs here or not? <\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">W<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\">hy would you go out and make big decisions <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW32006521 BCX0\">around<\/span><span class=\"NormalTextRun SCXW32006521 BCX0\"> that?<\/span><\/span><span class=\"EOP SCXW32006521 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}\">\u00a0<\/span><\/p>\n<p><em><span class=\"TextRun SCXW210870448 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW210870448 BCX0\">*Quotations have been <\/span><span class=\"NormalTextRun SCXW210870448 BCX0\">edited <\/span><span class=\"NormalTextRun SCXW210870448 BCX0\">for brevity and <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW210870448 BCX0\">clarity.<\/span><\/span><\/em><\/p>\n\t\t\t<\/div>\n\n<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n<\/div>\n<div  class=\"bbg-row-container\">\n\t<section\n\tclass='bbg-row bg--gray  text--black bbg-row--full-bg-bleed' data-anchor='row-69d7d23fa4c82'\t>\n\t\t\t\t<div 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adaptation.<\/p>\n","protected":false},"author":1935,"featured_media":102820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-podcast.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"453","footnotes":""},"categories":[457,453,444],"tags":[3795,3772,747,3818],"series":[3770],"class_list":["post-122339","post","type-post","status-publish","format-standard","hentry","category-financial-services","category-markets","category-trading","tag-market-risk","tag-market-dialogues","tag-sell-side","tag-supply-chain","post_series-market-dialogues","type-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the state of play in global markets amid volatility? | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"In this Market Dialogues episode, Bernard Mensah, President of Bank of America International, and 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