Bloomberg Surveillance 6/2/2026

Watch on YouTube ↗  |  June 02, 2026 at 16:41  |  2:24:18  |  Bloomberg Markets
Speakers
Ted Mortonson — Senior Research Analyst, Baird
Kit Juckes — Macro Strategist, Société Générale
Monica DiCenso — Senior Macro Strategist, Wells Fargo
Ohsung Kwon — Chief Equity Strategist, Wells Fargo
Daan Struyven — Head of Oil Research, Goldman Sachs

Summary

Bloomberg Surveillance covers Alphabet's $80 billion equity raise for AI capex, Anthropic's IPO filing, and the race among tech giants for capital. Guests discuss AI infrastructure buildout, the impact on inflation and bond yields, Middle East oil supply risks, and sector opportunities in financials and consumption-based software.

  • Alphabet announces $80B equity raise, including $10B from Berkshire Hathaway, to fund AI spending.
  • Anthropic files for IPO ahead of rival OpenAI, aiming to set the tone for AI-native public listings.
  • Ted Mortonson highlights DataDog and Snowflake as long-term software winners from AI adoption.
  • Kit Juckes favors the US dollar due to stronger US growth and ECB tightening into weakness.
  • Monica Dicenso sees financials as an undervalued sector that could benefit from AI adoption.
  • Concerns over inflation persist as AI capex drives up input costs and bond yields.
  • Oil markets remain tight with the Strait of Hormuz closure, drawing down inventories.
  • The Fed is expected to hold rates higher for longer, with some risk of further tightening.
Trade Ideas
Ted Mortonson Senior Research Analyst, Baird 34:35
DDOG and SNOW will outperform long-term.
The market underestimates free cash flow software names like DataDog and Snowflake that are consumption-based. As enterprises adopt AI, these companies will see strong revenue growth and become money machines over the long term, unlike infrastructure names that are more capital-intensive.
DDOG SNOW MED
Kit Juckes Macro Strategist, Société Générale 44:17
Own the US dollar.
The US economy is stronger than Europe's, the Fed will eventually recognize inflation risks, and the ECB is tightening into weak growth. This divergence supports the US dollar, making it attractive to own versus other currencies.
DXY MED
Monica DiCenso Senior Macro Strategist, Wells Fargo 103:59
Financials sector will benefit from AI.
The financials sector has lagged the S&P 500 but stands to benefit from AI adoption, as banks and insurance companies use AI to underwrite credit, reduce costs, and improve efficiency. It's a relatively undervalued sector that could see a catch-up rally.
XLF LOW
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This Bloomberg Markets video, published June 02, 2026, features Ted Mortonson, Kit Juckes, Monica DiCenso discussing DDOG, SNOW, DXY, XLF. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ted Mortonson, Kit Juckes, Monica DiCenso  · Tickers: DDOG, SNOW, DXY, XLF