Bloomberg Surveillance 5/13/2026
Спикеры
Seema Shah
— Главный глобальный стратег, Principal Asset Management
Kit Juckes
— Макростратег, Société Générale
Eddie Fishman
— Совет по международным отношениям
Stacey Widlitz
— Президент, SW Retail Advisors
Tobin Marcus
— Wolfe Research
Thierry Wizman
— Глобальный стратег, Macquarie Group
Victoria Fernandez
— Представитель, Crossmark Global Investments
Bloomberg Surveillance covers President Trump's arrival in Beijing for a high-stakes summit with Xi Jinping, accompanied by top tech CEOs. Markets react to hot CPI and PPI data, raising inflation fears and fueling bets on a Fed hike. UK political turmoil pushes gilt yields to multi-decade highs. Analysts debate the sustainability of the AI-led rally and the risk of a sharp oil price spike as inventories dwindle.
- Trump touches down in Beijing with Elon Musk and Jensen Huang; expectations for chip deals are low.
- April CPI and May PPI both come in much hotter than expected, with PPI at 6% YoY.
- 2-year Treasury yields touch 4%, and markets price a full rate hike by April 2027.
- UK 10-year gilt yields exceed 5% amid a looming Labour leadership contest.
- Oil prices remain elevated near $102, with warnings of a severe supply crunch when buffers run out.
- Seema Shah says tech is a secular safe haven; Stacey Widlitz favors Walmart and TJX for inflation resilience.
- Kit Juckes expects the pound to weaken further on UK structural imbalances.
- Eddie Fishman warns that a delayed oil price spike could hit once strategic reserves are exhausted.
Идеи
Tech is a secular safe haven.
Investors will stay focused on technology because AI companies have strong balance sheets, positive cash flow, and a moat, making them a safe haven for growth and earnings. Despite cyclical vulnerabilities from geopolitical conflict, the secular AI theme will persist for years, and any dip is an opportunity to build exposure.
GBP to weaken on structural issues.
The UK has structural economic problems: slow growth, a large current account deficit, high inflation, and heavy dependence on foreign capital to finance its deficit. These factors will erode the pound's real value, and in nominal terms the currency will have to weaken unless a credible growth plan emerges.
Oil spike when inventories deplete.
Oil prices have stayed subdued due to strategic stockpile releases and Chinese reserves, but these buffers are being drained. Once inventories hit bottom, there will be a rapid and severe oil price spike, potentially to $150-200/barrel, because the Strait of Hormuz disruption is ongoing and demand destruction is being delayed.
Walmart and TJX are retail havens.
With inflation squeezing consumers broadly, Walmart has unmatched scale and vendor bargaining power to keep prices low and gain market share, while TJX (off-price) benefits from buying excess merchandise from other retailers at deep discounts. Both are resilient picks in a tough consumer environment.
Далее
This Bloomberg Markets video, published May 13, 2026, features Seema Shah, Kit Juckes, Eddie Fishman, Stacey Widlitz discussing AIQ, GBP, WTI, WMT, TJX. 4 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Seema Shah, Kit Juckes, Eddie Fishman, Stacey Widlitz · Tickers: AIQ, GBP, WTI, WMT, TJX