Bloomberg Surveillance 6/30/2026

Смотреть на YouTube ↗ | 30 июня 2026, 15:31 | 2:24:08 | Bloomberg Markets

Спикеры

John Stoltzfus — Главный инвестиционный стратег, Oppenheimer

Dan Ives — Управляющий директор, Wedbush Securities

Matthew Hornbach — Глобальный руководитель макростратегии

Wei Li — Глобальный главный инвестиционный стратег, BlackRock

Venu Krishna — Глава стратегии по акциям США, Barclays

Bob Michele — Директор по инвестициям и глава глобального фиксированного дохода, J.P. Morgan Asset Management

Rebecca Babin — Старший трейдер по энергетике, CIBC Private Wealth

Henrietta Treyz — Политический аналитик, Veda Partners

Marc Short — Former Chief of Staff to VP Mike Pence

Kevin Gordon — Глава отдела макроэкономических исследований и стратегии, Schwab

Lauren Saidel-Baker — Economist, ITR Economics

David Rubenstein — Финансовый руководитель / бывший государственный чиновник

Bloomberg Surveillance hosts discuss AI-driven equity market gains, the divergence among tech giants, and the broadening trade. Strategists from Oppenheimer, Barclays, BlackRock, and others express bullish views on US equities, AI infrastructure, mid-cap tech, and energy, while offering divergent rate and bond outlooks. Geopolitical risks from Iran and upcoming labor market data are key near-term catalysts. - US stocks headed for best quarter since 2020, led by semiconductors and a rebound in hyperscalers. - Strategists raise S&P 500 targets on strong earnings growth; Barclays lifts to 7,100. - Debate intensifies around AI capex sustainability, monetization timelines, and concentration risks. - Fed outlook mixed: Morgan Stanley sees rate cuts in 2027, while JPMorgan expects hikes by 2027 due to reaccelerating growth. - Oil prices suffer largest quarterly drop since 2020 on easing supply fears, but CIBC calls for a recovery to $75-80 Brent. - Iran-US talks over Strait of Hormuz continue amid conflicting signals on sanctions relief. - Key data ahead: JOLTS, ISM manufacturing, and June payrolls to shape Fed rate expectations. - BlackRock and Oppenheimer advocate overweight US equities; AI bottlenecks and dividend barbell strategies gain favor.

Идеи

John Stoltzfus Главный инвестиционный стратег, Oppenheimer 4:39

Resilient economy supports further market gains.

The market remains resilient, driven by positive fundamentals, better-than-expected earnings, and strong consumer and business adoption of technology. Every challenge to resilience is overcome by the resilience factor, and the structural shift of private investors becoming serious long-term participants supports equities.

John Stoltzfus Главный инвестиционный стратег, Oppenheimer 9:14

Barbell with tech for dividend resilience.

A barbell strategy combining technology with dividend-paying telephone and utility companies provides diversification and has historically weathered volatility well, offering a healthy bounce and balance against overheating in the AI trade.

Dan Ives Управляющий директор, Wedbush Securities 31:38

Microsoft dominates enterprise AI, ultimate winner.

Microsoft dominates the enterprise AI space, owns the enterprise relationship, and will be the ultimate winner as hyperscalers build out the AI revolution. The capex arms race means they cannot cut spending, and monetization will eventually come.

Dan Ives Управляющий директор, Wedbush Securities 36:55

Cybersecurity benefits from AI spending wave.

Cybersecurity represents a second- and third-derivative play on AI buildout. Investors are underestimating the scale and scope of AI, and cybersecurity will benefit as the ecosystem expands, yet this is not reflected in stock prices.

Matthew Hornbach Глобальный руководитель макростратегии 43:49

Fed will cut rates in 2027.

A forward-looking Fed will focus on current economic conditions, not past inflation. With wage and productivity growth pointing to lower inflation, the Fed is likely to cut rates in 2027. Near-term rate hikes are unlikely, and the Fed will remain on hold this year, creating a stable environment for long-duration bonds.

Wei Li Глобальный главный инвестиционный стратег, BlackRock 53:57

Buy AI bottlenecks for better risk-adjusted returns.

Playing AI through scarcity—focusing on bottlenecks such as chips, data centers, energy, power, memory, batteries, and robotics—provides better returns with lower dispersion than trying to pick winners. This strategy does not require knowing which AI model wins.

Venu Krishna Глава стратегии по акциям США, Barclays 84:06

Mid-cap tech earnings strong, valuations reasonable.

Mid-cap tech offers an attractive combination of strong earnings (50% growth outside the hyperscalers) and lower multiples. In a market with high dispersion, mid tech provides a way to capture upside without the concentration risk of the largest names.

Rebecca Babin Старший трейдер по энергетике, CIBC Private Wealth 114:25

Brent crude to recover to $75-80.

The oil market is overly pessimistic, pricing in a smooth supply recovery and ignoring that demand destruction is temporary. Supply will return in fits and starts, and inventory rebuilding demand from China and India will support prices. Brent crude is likely to recover to $75–80 by year-end.