Bloomberg Surveillance 5/18/2026
Спикеры
Rob Rowe
— Глава отдела исследований в Северной и Южной Америке, Citi Research
Dan Greenhaus
— Главный стратег, ICAP
Sucharita Kodali
— Аналитик розничного сектора, Forrester
Liz Young Thomas
— Глава инвестиционной стратегии, SoFi
Sarah Kunst
— Основатель, Cleo Capital
Francisco Blanch
— Глава отдела глобальных исследований сырьевых товаров и деривативов, Bank of America
The episode discusses the global bond selloff pushing yields to multi-decade highs, driven by elevated oil prices from the prolonged US-Iran conflict and shifting Fed expectations. Guests debate the outlook for oil, the impact on inflation and growth, and preview key earnings from Nvidia, Walmart, Target, and Home Depot. Several strategists share bullish calls on oil and cautious views on consumer discretionary stocks.
- Global bond yields hit multi-decade highs, with the US 30-year above 5%.
- Oil remains elevated as the Strait of Hormuz blockade enters its 11th week.
- Citi's Rob Rowe is bullish on oil to $120 and longs 5-year duration.
- Dan Greenhaus sees oil prices rising mathematically to $120.
- Sucharita Kodali favors Walmart over Target and warns on Home Depot.
- Liz Thomas recommends trimming tech and buying healthcare.
- The Fed's easing bias is under pressure as inflation stays high.
- Upcoming Nvidia and retail earnings are key for market direction.
Идеи
Bullish on oil to $120.
Citi has a bullish call on oil, expecting Brent crude to reach around $120 a barrel due to supply deficits from the prolonged closure of the Strait of Hormuz and declining inventories.
Long 5-year Treasury duration.
Citi is going long duration in the five-year Treasury note, expecting yields to come down as inflation narrative persists, though they are not bold enough to go longer.
Oil prices will hit $120.
Oil prices have a structural upward bias and will reach $120 a barrel with mathematical certainty due to rapidly depleting global oil inventories, even if the Strait of Hormuz reopens.
Buy Walmart, avoid Target.
Walmart continues to gain market share due to strong execution, store renovations, and employee retention, while Target remains in a turnaround mode and is likely to struggle further.
Buy Walmart, avoid Target.
Walmart continues to gain market share due to strong execution, store renovations, and employee retention, while Target remains in a turnaround mode and is likely to struggle further.
Home Depot faces headwinds.
Home Depot will face softness due to high interest rates weighing on housing and consumer spending on big-ticket home improvement projects.
Long healthcare, trim tech.
Investors should trim positions in high-flying tech/AI names and redeploy capital into the healthcare sector, which is poised to benefit from AI adoption but has not yet run up as much.
Далее
This Bloomberg Markets video, published May 18, 2026, features Rob Rowe, Dan Greenhaus, Sucharita Kodali, Liz Young Thomas discussing BNO, 5-Year Treasury Note, WTI, TGT, WMT, HD, XLV. 7 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Rob Rowe, Dan Greenhaus, Sucharita Kodali, Liz Young Thomas · Tickers: BNO, 5-Year Treasury Note, WTI, TGT, WMT, HD, XLV