Bloomberg Surveillance · Thursday, September 17, 2026
Global central banks, including the ECB and the U.S. Federal Reserve, are raising interest rates. This synchronized action is creating a more challenging environment for stocks, with analysts predicting a bumpy road ahead for equity investors, although they don't foresee the end of the bull market.
“And for all of us with gray hair, including Julian Emanuel, Evercore ISI.”
“ECB raising rates, this country, the Damien Sassour world raising rates, the United States of America raising rates, and London just said no. The city just said no. The Bank of England just said no. The dynamics now hearken to tensions of long ago. Should equity investors be worried about these new tensions?”
“When global central banks are hiking, stocks have a more difficult time. The bull doesn't die, and we don't think it dies now. But the road ahead is bumpy.”