--- title: Buy the Dips description: "Chris Watling, Longview Economics chief executive officer and chief market strategist, says market weakness is an opportunity to buy. \"I do think you want to buy the dips,\" Watling tells Bloomberg Television." --- [Longview Economics - Press coverage ](https://www.longvieweconomics.com/news-and-media/press-coverage) # [Buy the Dips](https://www.longvieweconomics.com/news-and-media/press-coverage/buy-the-dips) Written by [Bloomberg](https://www.longvieweconomics.com/news-and-media/press-coverage/author/bloomberg) | 18 July 2025 Click [here](https://www.bloomberg.com/news/articles/2025-07-17/stock-market-today-dow-s-p-live-updates) to view   TRANSCRIPT 0 minutes Well, let's get at a bit of analysis on what's going on in these markets. 0:02 0 minutes 2 seconds We can speak to Chris Watling, CEO and Chief Market Strategist over at Longview Economics. 0:06 0 minutes 6 seconds And I'm pleased to say he joins us around the table this morning. 0:08 0 minutes 8 seconds Chris, welcome to the programme. 0:11 0 minutes 11 seconds You've been writing about summer turbulence, but all I'm seeing this morning is green across my screen. 0:16 0 minutes 16 seconds We're expecting a stronger session to end the week stateside as well. 0:19 0 minutes 19 seconds Where is this summer turbulence going to come from? 0:21 0 minutes 21 seconds Is the Cliff edge going to be August the 1st? 0:24 0 minutes 24 seconds Well, I mean, some is typically a seasonally tough. 0:27 0 minutes 27 seconds But actually markets in the US haven't done that much in July. 0:30 0 minutes 30 seconds They're sort of edging to new highs, but they're not, they've lost a lot of their momentum.   7:20 7 minutes 20 seconds We have been since January this year. 7:21 7 minutes 21 seconds And I think that still makes sense when you sorry, go ahead. 7:24 7 minutes 24 seconds I wasn't say there's an argument when it comes to the right time to buy bonds as well. 7:29 7 minutes 29 seconds There's an argument that as we approach the X state on the deficit in the United States, there might be a, a better time to clip the coupon, a better time to hop into the yield. 7:38 7 minutes 38 seconds Well, people worry about this fiscal crisis. 7:40 7 minutes 40 seconds I mean, the reality is I, I think that's wholly mischaracterized. 7:43 7 minutes 43 seconds I'm, I'm totally with Steve Eisman on this. 7:45 7 minutes 45 seconds I mean, we, we obsess, you know, the market knows what's going on in terms of the deficit. 7:49 7 minutes 49 seconds And actually the tariffs are probably going to pay for pretty much the whole thing. 7:52 7 minutes 52 seconds So, so how fiscally poor is it? 7:56 7 minutes 56 seconds You know, it's in, it's in the price. 7:59 7 minutes 59 seconds So I, I, I, I don't expect much higher yields from here. 8:02 8 minutes 2 seconds I think lower yields is what you need, and I think we'll get those over the course of the next few months, possibly over the summer if we get this turbulence in the equity market. 8:09 8 minutes 9 seconds But when you've got the president weighing on the Fed chair and funding his fiscal plans as T-bills, does that not, Chris, add up to fiscal dominance? 8:18 8 minutes 18 seconds Yeah, sure. 8:19 8 minutes 19 seconds There's a little bit of that. 8:20 8 minutes 20 seconds And and that's a little bit of a concern. 8:22 8 minutes 22 seconds And that maybe adds a bit of a bit of a risk premium into the bond market. 8:26 8 minutes 26 seconds Absolutely. 8:27 8 minutes 27 seconds But, you know, there's a lot of people on the Fed committee. 8:29 8 minutes 29 seconds It's not just the chair. 8:30 8 minutes 30 seconds And he's not going to get rid of all of them. 8:32 8 minutes 32 seconds And, and, and, you know, I know we had all this chat from Kevin Walsh yesterday, which I thought was kind of interesting. 8:38 8 minutes 38 seconds But so, yeah, there's an element of that. 8:41 8 minutes 41 seconds But I think you can overplay these things. 8:43 8 minutes 43 seconds And these will become popular narratives in markets at certain points in time. 8:47 8 minutes 47 seconds But the reality is the US economy is softening and yields therefore need to go lower. 8:52 8 minutes 52 seconds All right. 8:53 8 minutes 53 seconds Chris Watling, CEO and chief market strategist over at Longview Economics. 8:56 8 minutes 56 seconds We'll see how low those yields go. 8:57 8 minutes 57 seconds We thank you so much. 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