logo
Software Will Keep Outperforming: RBC Brewin's Mui

Software Will Keep Outperforming: RBC Brewin's Mui

Bloomberg06-05-2025

Janet Mui, head of market analysis at RBC Brewin Dolphin, says software will continue to be a strong bet amid the current tariff environment. Mui joins Caroline Hyde on "Bloomberg Technology." (Source: Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bloomberg Surveillance: Inflation and Tariffs
Bloomberg Surveillance: Inflation and Tariffs

Bloomberg

time19 minutes ago

  • Bloomberg

Bloomberg Surveillance: Inflation and Tariffs

Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney June 12th, 2025 Featuring: 1) Frances Donald, Chief Economist at RBC, joins for a discussion on CPI and the labor market and whether the Fed will be late to cut rates. The Federal Reserve is rewriting its strategy document to balance the lessons learned from low inflation before the pandemic and the painful high inflation that followed, aiming to maximize economic benefits for working Americans while controlling inflation. 2) Rich Clarida, Global Economic Advisor at PIMCO and former Fed Vice Chair, joins for an extended conversation on the Fed, rates, and the US economy. Today's 30-year Treasury auction is providing a fresh gauge of investor appetite for long-dated debt amid concerns over mounting deficits and their impact on demand. 3) Ian Lyngen, Head of US Rates at BMO Capital Markets, talks about the outlook for the 10-year-yield and brings us into PPI. President Trump's remarks on imposing unilateral tariffs on dozens of US trading partners and heightened tensions in the Middle East contributed to the risk-off tone across markets today. 4) Anton Posner, CEO at Mercury Resources, discusses how tariffs are affecting shipping and maritime industries and whether it will show up in the economic and consumer data and unilateral tariffs go into place. President Trump has threatened to impose higher duties on dozens of economies, but has only reached a trade framework with the UK and a tariff truce with China, which was recently threatened.

Carney Says Trump Meeting at G-7 Summit to Determine Fate of US-Canada Tariff Deal
Carney Says Trump Meeting at G-7 Summit to Determine Fate of US-Canada Tariff Deal

Wall Street Journal

time21 minutes ago

  • Wall Street Journal

Carney Says Trump Meeting at G-7 Summit to Determine Fate of US-Canada Tariff Deal

OTTAWA—Canadian Prime Minister Mark Carney says a bilateral meeting with President Trump on the sidelines of the upcoming Group of Seven leaders' summit in Alberta will determine how close the two sides are on a bilateral deal over tariffs. In an interview with French-language broadcaster Radio-Canada, Carney said officials in Ottawa and Washington are in intense talks on a new economic-and-security pact, but there is no deal yet.

Corporate Insiders Use Rally to Dump Shares at Fastest Pace Since US Election
Corporate Insiders Use Rally to Dump Shares at Fastest Pace Since US Election

Yahoo

time24 minutes ago

  • Yahoo

Corporate Insiders Use Rally to Dump Shares at Fastest Pace Since US Election

(Bloomberg) -- The US stock market is back on track and within spitting distance of February's all-time highs. Yet corporate executives are dumping shares at the fastest clip since November. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire Do World's Fairs Still Matter? A gauge of insider sentiment, which tracks the numbers of buyers versus sellers, shows that 200 insiders bought shares this month through June 11, while 778 sold shares, according to data compiled by the Washington Service. That puts the buy to sell ratio at around 0.26, the lowest since November when Trump's reelection triggered a months-long rally. The absence of demand from C-Suite executives — the people who arguably know their companies best — may show a lack of conviction that the risk-on momentum that's pushed stocks up 21% in a little over two months has more room to go. The S&P 500 and Nasdaq 100 indexes are trading back near record highs after positive signals on trade and solid earnings drove a rebound from the upheaval President Donald Trump's tariff announcement on April 2 caused. 'The message from executives is loud and clear: many believe their companies are overvalued, making now an opportune time to sell,' said Irene Tunkel, chief US equity strategist at BCA Research. 'Many insiders recognize that risks to their companies' market values are increasingly tilted to the downside.' Still, the number of sellers historically exceeds that of buyers as executives often view their stock as a source of cash that they may need for reasons that have nothing to do with markets. To Nationwide's Mark Hackett, insider buying is a stronger indicator than insider selling as sales can by driven by estate planning, large purchases and options exercises, among other factors. 'At the margin, a falloff in buying is a clear indication of market uncertainty, but also reflects elevated valuation,' Hackett said. The S&P 500 is trading at 22 times projected profits in the next 12 months, some 18% above its long-term average, data compiled by Bloomberg show. And while the euphoria around a return to form now faces a test in Trump reviving threats over unilateral tariffs, the high volume of insider selling is something investors may have to keep an eye on. 'This is not necessarily a major warning flag for the market, but it does tell investors that people who really know their businesses well realize that they're shares are getting expensive,' said Miller Tabak's Matt Maley. 'It's something that should caution investors about being aggressive now that the stock market has become quite expensive again.' American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store