Bloomberg Surveillance 6/12/2026
Спикеры
Lisa Abramowicz
— Ведущий, Bloomberg Television and Radio
Stephen Auth
— Директор по инвестициям, Auth Capital
Pierre Ferragu
— Аналитик, New Street Research
Justus Parmar
— CEO, Fortuna Investments
Stuart Kaiser
— Глава стратегии торговли акциями США, Citi
Brian Hamilton
— Основатель и председатель, LiveSwitch
Gregory Allen
— Директор, Центр ИИ и передовых технологий Wadhwani, CSIS
Nicholas Owens
— Morningstar
Matt Kennedy
— Старший стратег, Renaissance Capital
Dan Niles
— Основатель и портфельный менеджер, Niles Investment Management
Ed Ludlow
— Соведущий, Bloomberg Technology
Sarah Hunt
— Главный рыночный стратег, Alpine Saxon Woods
Zach Griffiths
— CreditSights
Bloomberg Surveillance covers the record $75 billion SpaceX IPO, with bulls arguing it is a generational AI‑and‑space company and bears calling it massively overvalued. The program also discusses the potential US‑Iran peace deal’s impact on oil prices and whether the capital markets can absorb a flood of AI‑related IPOs and debt issuance.
- SpaceX prices the largest IPO ever at $135/shr, raising $75 billion and arriving at a ~$1.8 trillion valuation.
- Multiple analysts present bull and bear cases for SpaceX, focusing on AI infrastructure, Starlink cash flows, and extreme revenue multiples.
- The US‑Iran peace deal nears, pushing Brent crude back into the $80s and raising hopes for a Strait of Hormuz reopening.
- Guests debate whether the IPO window will stay open for Anthropic and OpenAI amid growing capital demand and signs of investor pushback.
- Stuart Kaiser of Citi highlights strong semiconductor earnings revisions and cautions against rotating out of AI winners.
- Daniel Niles warns that buying SpaceX at 90‑120x revenues is like buying ARKK at its 2021 peak, with hyperscalers already feeling pressure.
- Stephen Auth argues the S&P 500 will outperform the Nasdaq as the market broadens and small caps continue to lead.
Идеи
Oil has asymmetric downside risk.
Oil prices show asymmetric sensitivity to the Iran peace deal: the market largely ignored escalation threats but reacts strongly to cease-fire announcements, suggesting oil has more downside than upside from geopolitical developments.
SpaceX is a real company with tangible hard assets, coming to market at the start of a new frontier. The price-to-sales multiple is not as extreme as SaaS deals years ago, and the IPO is likely to be successful.
Small caps are leading broad market.
Small caps are way ahead year-to-date, and a broadening out is expected, making small-cap stocks attractive as the bull market matures and rotates.
S&P 500 will outperform Nasdaq.
The S&P 500 will outperform the Nasdaq because the market is broadening out, small caps are already leading, and infrastructure buildout feeding companies like SpaceX benefits the broader market.
Semiconductor earnings momentum is strong.
Semiconductor earnings are being revised up sharply since March, and fading that momentum is risky; AI winners remain the place to be, and rotation away is premature.
Далее
This Bloomberg Markets video, published June 12, 2026, features Lisa Abramowicz, Stephen Auth, Stuart Kaiser discussing BNO, SPCX, IWM, SPY, SOXX. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Lisa Abramowicz, Stephen Auth, Stuart Kaiser · Tickers: BNO, SPCX, IWM, SPY, SOXX