Welcome back to the watch list. Time for our panel. We have William Lee, chief economist, managing director, global economic advisors, and Rick Peterson, vice chairman economist, chief strategy officer at Bo River Capital.Thank you both for being with us. So, Bill Lee, I so glad we're going to have a conversation, gentlemen. Thank you for being here.Bill Lee, your thoughts. We got that GDP print today. It was a lot of excitement, but you know, it's dated.It was uh the highest in two years, but it was before ...

Joining me to wrap up the week, Ron Insana, CEO of Insana Information Partners. He joins me at the desk. Ron, great to have you. >> It's great to see you.Thanks for having me, Caroline. >> All right, so what do we need to take away from this week. What do investors actually need to care about right now.>> Well, I think they still have to care about the data fog that we're going through. I mean, we've got CPI or consumer price information that told us inflation was a little better than we thought, but the da ...

Group 1 - Bond holders are demanding higher premiums to hold the debt of developed-nation governments due to political turmoil in France and Japan, indicating that politics is becoming a more significant market driver than central bank policy [1][2] - The French bond-market risk gauge reached its highest levels this year following the resignation and reappointment of Prime Minister Sebastien Lecornu amid a budget impasse [2] - In Japan, longer-maturity bonds fell sharply after Sanae Takaichi's unexpected rise in the ruling party, raising concerns about increased government spending [2] Group 2 - Governments worldwide face a dilemma where investors seek fiscal consolidation, but austerity measures are politically contentious and can negatively impact electoral outcomes [3] - Geopolitical tensions, particularly between the US and China, are exacerbating pressures on economic growth, as highlighted by President Trump's threats of increased tariffs [3][4] - Political risk is expected to remain high over the next decade, as stated by Chris Iggo from AXA Investment Management [4] Group 3 - Despite political encroachments on markets, US Treasuries have maintained their appeal as a safe haven during periods of volatility, with the dollar recently experiencing its best week in nearly a year [5] - Real yields on bonds, adjusted for inflation, are reaching new highs, reflecting rising political risks and the increasing need for governments to issue more debt [6] - Long-end real yields are now significantly above potential growth rates in several top-rated countries, including Germany, Italy, France, and the UK [6] Group 4 - Investors are cautioned about a potentially adverse dynamic that could threaten debt sustainability, with expectations that the situation may worsen before achieving a new sustainable equilibrium [7]

Group 1 - NiSource shares have increased by approximately 14% over the past year due to rising optimism regarding data center electricity demand [1] - Currently, NiSource shares are down nearly 10% from their recent highs, primarily due to escalating political risks [1] Group 2 - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]

Group 1 - NiSource (NYSE: NI) shares have increased approximately 14% over the past year due to rising optimism regarding data center electricity demand [1] - Currently, NiSource shares are down nearly 10% from their recent highs, primarily due to escalating political risks [1]

Group 1 - UBS investment strategists indicate that rate cuts, dollar weakness, and political risk are favorable for bullion [1] - The commentary includes insights on S&P 500 price targets, highlighting market expectations [1] - There is a noted skepticism regarding AI developments within the market [1] Group 2 - Emerging markets are discussed in the context of current investment strategies and potential opportunities [1]