Stocks Extend High as Traders Await Clarity on US, Iran Truce | Bloomberg Businessweek Daily 4/16/26

Watch on YouTube ↗  |  April 16, 2026 at 20:00  |  51:00  |  Bloomberg Markets
Speakers
Pete Mulmat — Host, Futures Radio Show
Rick Wurster — President & CEO, Charles Schwab

Summary

The episode discusses market reactions to geopolitical tensions, including a potential Iran deal and Israel-Lebanon cease-fire. Guests provide insights on European regulation, retail trading trends, Schwab's earnings and crypto launch, and AI in cancer detection. Markets reach new highs amid volatility, with retail investors diversifying into commodities and international ETFs.

  • President Trump comments on Iran nuclear deal and cease-fire between Israel and Lebanon.
  • Verena Ross, ESMA Chair, discusses market volatility, private credit risks, and AI regulation in Europe.
  • Pete Mulmat, tastytrade, notes retail investors are favoring broad indices, commodities, and international ETFs.
  • Rick Wurster, Schwab CEO, reports strong earnings, announces spot Bitcoin and Ether trading, and discusses AI and prediction markets.
  • Dr. Bea Bakshi, C the Signs, explains AI-based early cancer detection technology.
  • Markets: S&P 500 and Nasdaq hit records, oil prices rise.
  • Retail trading activity remains high but selective.
  • Schwab's crypto launch expected in coming weeks.
Trade Ideas
Pete Mulmat Host, Futures Radio Show 23:37
Retail favors broad indices QQQ and SPX.
Retail investors are more selective and are showing increased interest in broad-based indices such as QQQ and SPX, indicating a measured view and a shift away from single stock picks.
QQQ SPY MED
Pete Mulmat Host, Futures Radio Show 24:01
Retail interest in metals and energy commodities.
Retail investors are showing sustained interest in commodities like copper, silver, gold, and crude oil, with these assets holding onto significant gains and trading near highs.
COPPER SILVER GOLD WTI MED
Pete Mulmat Host, Futures Radio Show 24:30
Retail rotating into international ETFs.
Retail investors are rotating out of U.S. AI names and diversifying into ETFs outside the United States to gain international exposure.
VXUS MED
Rick Wurster President & CEO, Charles Schwab 29:42
Schwab's crypto launch bullish for Bitcoin and Ether.
Schwab is launching spot Bitcoin and Ether trading, which will provide easy access for its clients and signals increasing institutional adoption, potentially driving demand for these cryptocurrencies.
BTC ETH MED
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This Bloomberg Markets video, published April 16, 2026, features Pete Mulmat, Rick Wurster discussing QQQ, SPY, COPPER, SILVER, GOLD, WTI, VXUS, BTC, ETH. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Pete Mulmat, Rick Wurster  · Tickers: QQQ, SPY, COPPER, SILVER, GOLD, WTI, VXUS, BTC, ETH