Mortgage Rates Rise, 'Boomerang' Kids, Clarida on Warsh | Bloomberg Money 7/31/2026

Watch on YouTube ↗  |  July 31, 2026 at 21:07  |  44:22  |  Bloomberg Markets
Speakers
Lori Calvasina — Head of U.S. Equity Strategy, RBC Capital Markets
Elena Popina — Head of Content, The Block
Hannah Elliot — Bloomberg Automotive Reporter
Richard Clarida — Pimco global economic adviser; former Federal Reserve vice chairman
Allison Schrager — Bloomberg Opinion Contributor

Summary

Bloomberg Money discusses the fallout from the Fed decision with former Vice Chair Richard Clarida, who explains the hall-of-mirrors problem in bond markets and the K-shaped economy. RBC's Lori Calvasina presents a bullish equity model forecasting 10.8% S&P 500 upside. Elena Popina breaks down Apple's post-earnings slide, attributing it to supply shortages rather than weak demand. The show also touches on boomerang kids, EV struggles, and Gen Z investing habits.

  • Richard Clarida says bond yields may be disconnected from stable inflation measures
  • Clarida confirms a widening K-shaped economy favoring asset owners
  • Lori Calvasina's sentiment model forecasts a 10.8% S&P 500 gain over the next year
  • Calvasina expects 5-10% drawdowns but no recession-style bear market
  • Elena Popina says Apple's selloff is driven by supply shortages, not consumer demand
  • Hannah Elliot notes weak US EV demand weighing on Lucid and Tesla
  • Suzanne Woolley discusses the $18,000 annual cost of adult children moving back home
  • Gen Z tends to avoid traditional equities for crypto and prediction markets
Ideas
Lori Calvasina Head of U.S. Equity Strategy, RBC Capital Markets 25:44
Sentiment model points to 10.8% S&P gain.
RBC's main sentiment model projects a 10.8% gain for the S&P 500 over the next 12 months. The base case is higher but not linear, with one or more 5-10% drawdowns expected. Without a recession, worst-case drawdowns are likely capped around 20%, so investors should be prepared but not overreact.
SPY MED
Elena Popina Head of Content, The Block 37:12
Apple selloff is supply-driven, demand strong.
Apple's 11% stock decline is driven by supply shortages for components amid strong demand, not weakening consumer appetite. MacBook sales smashed expectations, consumers kept buying across the board, and the weak forecast is entirely supply-driven. The sell-off appears overdone and temporary.
AAPL MED
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This Bloomberg Markets video, published July 31, 2026, features Lori Calvasina, Elena Popina discussing SPY, AAPL. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lori Calvasina, Elena Popina  · Tickers: SPY, AAPL