Stocks Winning Streak to Break as Investors Weigh AI Prospects & Jobs Data | The Pulse 6/5/2026

Watch on YouTube ↗  |  June 05, 2026 at 13:23  |  48:37  |  Bloomberg Markets
Speakers
Nannette Hechler-Fayd’Herbe — EMEA CIO, Lombard Odier
Ven Ram — Markets Live Reporter/Strategist, Bloomberg
Mohamed Farid Saleh — Egyptian Investment and Foreign Trade Minister

Summary

The S&P 500 is set to break its winning streak as AI trade weakens and investors await payrolls data. Geopolitical tensions around Iran, Ukraine, and the Strait of Hormuz dominate, while guests discuss opportunities in underperforming sectors and regions, and a strategist expects higher Treasury yields.

  • S&P Dow Jones rejects fast-track index inclusion for mega IPOs like SpaceX.
  • AI trade shows signs of cooling after Broadcom disappointment and profit-taking.
  • Lombard Odier CIO favors European stocks, healthcare, emerging markets, and software for catch-up potential.
  • Egypt's investment minister pitches state asset IPOs and reform progress amid regional instability.
  • Geopolitical experts note stalemate in Iran-US talks and fragile Ukraine peace prospects.
  • Private credit redemptions rise again, with Partners Group capping withdrawals.
  • A strategist expects US Treasury yields to rise further on strong economy and hawkish Fed risk.
  • Jobs data release anticipated to confirm a solid labor market, keeping rates higher for longer.
Trade Ideas
Nannette Hechler-Fayd’Herbe EMEA CIO, Lombard Odier 9:49
European stocks offer catch-up potential
European equities have barely risen since the start of the year and could catch up if Middle East tensions resolve and oil prices normalize, offering value relative to the concentration in US markets.
VGK HIGH
Nannette Hechler-Fayd’Herbe EMEA CIO, Lombard Odier 10:04
Healthcare sector is undervalued
The healthcare sector has underperformed but offers great value, making it a contrarian opportunity for a catch-up rally.
XLV MED
Nannette Hechler-Fayd’Herbe EMEA CIO, Lombard Odier 13:25
Software sector is attractive within tech
Within the technology sector, software has been disfavored and offers a better risk-reward than the broader tech rally, which may see short-term profit-taking.
IGV MED
Nannette Hechler-Fayd’Herbe EMEA CIO, Lombard Odier 13:34
EM equities are top pick
Emerging market equities are the firm's absolute favorite region due to attractive valuations and finally strong earnings, benefiting from a multipolar world.
EEM HIGH
Ven Ram Markets Live Reporter/Strategist, Bloomberg 46:05
Treasury yields will move higher
US Treasury yields are likely to rise further because the economy is strong, core PCE is well above 3%, and the Fed may turn hawkish despite market expectations of dovish policy.
U.S. Treasury yields HIGH
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This Bloomberg Markets video, published June 05, 2026, features Nannette Hechler-Fayd’Herbe, Ven Ram discussing VGK, XLV, IGV, EEM, U.S. Treasury yields. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nannette Hechler-Fayd’Herbe, Ven Ram  · Tickers: VGK, XLV, IGV, EEM, U.S. Treasury yields