What podcasts say about Steve Chiavarone

Every statement, with the speaker, the exact quote and the moment it was said.

What Steve Chiavarone has said on podcasts

24 statements · 16 positive · 6 negative · 2 neutral

on Equities versus bondsPositiveOct 5, 2026· Bloomberg Surveillance
Higher inflation risk than growth risk favors equities over bonds.
“as long as you're in an environment where the risk to upside inflation is greater than the risk to downside growth, that is a profoundly equity-healthy, bond-unhealthy setup”
Listen at 3:04
Open the episode · Euro and Oil Contagion Risks
on Equity (finance)PositiveOct 5, 2026· Bloomberg Surveillance
Equities can pass through inflation and benefit from nominal earnings.
“you have to be in the asset that can pass along the inflation and that eats nominal earnings. And those are equities.”
Listen at 3:23
Open the episode · Euro and Oil Contagion Risks
on U.S. infrastructure investmentPositiveOct 5, 2026· Bloomberg Surveillance
Current U.S. infrastructure investment is historically unprecedented.
“This is the biggest infrastructure built in the history of the United States.”
Listen at 4:13
Open the episode · Euro and Oil Contagion Risks
on U.S. infrastructure investmentPositiveOct 5, 2026· Bloomberg Surveillance
Current investment is producing unusually large earnings and margin expansion.
“What we're living through right now is the earnings story of our lifetime. It's the margin expansion story of our lifetime.”
Listen at 4:20
Open the episode · Euro and Oil Contagion Risks
on U.S. equity marketPositiveOct 5, 2026· Bloomberg Surveillance
The market multiple declined from 23 times earnings to below 20.
“We've gone from a 23 times multiple to something sub 20.”
Listen at 4:36
Open the episode · Euro and Oil Contagion Risks
on Magnificent Seven and hyperscalersPositiveOct 5, 2026· Bloomberg Surveillance
The Magnificent Seven and hyperscalers are relatively insensitive to interest rates.
“The MAG7, the hyperscalers are relatively rate insensitive.”
Listen at 4:53
Open the episode · Euro and Oil Contagion Risks
on Long-term bond yieldsNeutralOct 5, 2026· Bloomberg Surveillance
Long-term bond yields should reflect current growth and inflation above 5%.
“long term bond yields have to reflect that and be five plus percent”
Listen at 5:28
Open the episode · Euro and Oil Contagion Risks
on EuropeNegativeOct 5, 2026· Bloomberg Surveillance
Europe should be underweighted in portfolios.
“We're underweight Europe”
Listen at 5:45
Open the episode · Euro and Oil Contagion Risks
on EuropeNegativeOct 5, 2026· Bloomberg Surveillance
Europe has missed the latest major economic transformation.
“Europe has now chosen, for whatever reason, to miss the second major economic transformation of the last 25 years”
Listen at 5:46
Open the episode · Euro and Oil Contagion Risks
on European companiesNegativeOct 5, 2026· Bloomberg Surveillance
European companies lack comparable earnings growth and margin resilience.
“In Europe, they don't have that.”
Listen at 6:23
Open the episode · Euro and Oil Contagion Risks
on AI and credit marketsNegativeOct 5, 2026· Bloomberg Surveillance
AI failure or a credit issue could derail the medium-term bullish forecast.
“the two things that could derail the bullish medium term forecast would be, one, if the AI fails, if the technology doesn't materialize, or two, if there's a credit issue”
Listen at 6:39
Open the episode · Euro and Oil Contagion Risks
on AI-related capital expenditurePositiveOct 5, 2026· Bloomberg Surveillance
AI-related capital expenditure will total $700 billion over two years.
“if you're going to engage in $700 billion of CapEx over this year and next year”
Listen at 6:53
Open the episode · Euro and Oil Contagion Risks
on S&P 500PositiveOct 5, 2026· Bloomberg Surveillance
The S&P forecast reaches 10,000–11,000 within roughly three years.
“we are out three years, right, or two years on the price forecast, three years on the earnings. We've got an S&P going from 85 to 10,000 to 11,000.”
Listen at 7:41
Open the episode · Euro and Oil Contagion Risks
on Micron TechnologyPositiveOct 5, 2026· Bloomberg Surveillance
Micron has sold all chips it will produce next year.
“Micron has already sold every chip that they'll make next year.”
Listen at 7:56
Open the episode · Euro and Oil Contagion Risks
on Materials, energy, and industrialsNeutralOct 5, 2026· Bloomberg Surveillance
Materials, energy, and industrials are tied to corporate spending.
“If you're tied to hard assets, if you're materials, you're energy, you're industrials. You're tied to corporate spending.”
Listen at 8:23
Open the episode · Euro and Oil Contagion Risks
on Consumer companiesNegativeOct 5, 2026· Bloomberg Surveillance
Consumer companies are not currently strong despite a strong consumer.
“The consumer companies are not”
Listen at 8:39
Open the episode · Euro and Oil Contagion Risks
on U.S. homebuilding industryPositiveOct 5, 2026· Bloomberg Surveillance
The homebuilding industry is closer to a trough than at any recent point.
“we still do believe that this industry is closer to trough than it is at any point in recent history”
Listen at 32:14
Open the episode · Euro and Oil Contagion Risks
on U.S. mortgage ratesPositiveOct 5, 2026· Bloomberg Surveillance
The current 7.57% mortgage rate is not the natural rate.
“I don't believe that 7.57 is the natural rate, though.”
Listen at 33:05
Open the episode · Euro and Oil Contagion Risks
on Homebuilder mortgage incentivesNegativeOct 5, 2026· Bloomberg Surveillance
Homebuilders now offer mortgage incentives near 10%, versus 3–4% historically.
“the average homebuilder right now is offering an incentive that's equivalent to about 10% of the mortgage. Now, historically, that's been 3% to 4%.”
Listen at 33:36
Open the episode · Euro and Oil Contagion Risks
on Housing demandPositiveOct 5, 2026· Bloomberg Surveillance
Consumer demand for housing remains strong.
“People want housing. That is very clear.”
Listen at 34:46
Open the episode · Euro and Oil Contagion Risks
on HomebuildersPositiveOct 5, 2026· Bloomberg Surveillance
Homebuilders can preserve affordability through rate buydowns, smaller homes, and fewer features.
“they can buy down mortgage rates. They can build smaller footprint homes further away from the city, and they can decontent them.”
Listen at 35:27
Open the episode · Euro and Oil Contagion Risks
on PulteGroupPositiveOct 5, 2026· Bloomberg Surveillance
PulteGroup is the top stock pick among homebuilders.
“pulti group is our top pick in the group”
Listen at 36:09
Open the episode · Euro and Oil Contagion Risks
on HomebuildersPositiveOct 5, 2026· Bloomberg Surveillance
Homebuilders are returning capital to shareholders and operating like mature companies.
“They're returning capital to shareholders. They're doing things that real companies do.”
Listen at 36:43
Open the episode · Euro and Oil Contagion Risks
on U.S. housing equity and wealth transferPositiveOct 5, 2026· Bloomberg Surveillance
Housing equity totals $35 trillion and supports a $68–82 trillion wealth transfer.
“There's $35 trillion of equity built up supporting a $68 to $82 trillion generational wealth transfer.”
Listen at 37:04
Open the episode · Euro and Oil Contagion Risks

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.