Iran War: US Launches Strikes as Trump Rejects Easing Sanctions | Daybreak Europe 05/28/2026

Watch on YouTube ↗  |  May 28, 2026 at 06:49  |  47:07  |  Bloomberg Markets
Speakers
Ed Yardeni — President, Yardeni Research
Trevor Charsley — Senior Technical Strategist, Corpay
Ven Ram — Markets Live Reporter/Strategist, Bloomberg
Lizzy Burden — Crypto Reporter, Bloomberg News
Neil Campling — Tech/TMT Analyst

Summary

The video covers the market impact of fresh US airstrikes on Iran, sending oil higher and stocks lower. Salesforce disappoints with revenue outlook while Snowflake surges on a strong outlook and Amazon deal. Fed and ECB officials comment on inflation and rate policy. FX strategist Trevor Charsley sees dollar strength and sterling weakness, with a watch on Euro-Yen eventually turning lower.

  • US launches airstrikes on Iranian military site; oil prices rise.
  • Global equities retreat from record highs on geopolitical uncertainty.
  • Salesforce revenue outlook misses estimates, shares fall on AI disruption fears.
  • Snowflake shares jump ~30% on strong annual outlook and $6B Amazon deal.
  • Fed's Lisa Cook says inflation risks tilted higher; markets await PCE data.
  • ECB's Guindos says inflation expectations well anchored, weighs impact of supply shock.
  • Ven Ram expects a flatter yield curve as the Fed may need to hike.
  • Trevor Charsley bullish on USD, bearish on GBP/USD, and sees eventual EUR/JPY downside.
Trade Ideas
Ed Yardeni Market Strategist 15:28
S&P 500 rally is earnings-led, go long.
The S&P 500 rally is driven by strong earnings momentum, not speculation. The forward P/E has stayed stable around 20-22, and with a resilient economy and no recession expected, the market's basic thrust is higher. Expect the S&P 500 to reach 10,000 by the end of the decade, and any corrections are buying opportunities.
SPY HIGH
Ven Ram Markets Live Reporter/Strategist, Bloomberg 28:11
Flatten US yield curve, short 2s10s.
Given rising inflation risks and the Fed needing to hike rates, the front end of the yield curve is not pricing in enough risk. Investors should position for a flatter yield curve, as short-term rates will rise relative to long-term rates.
US 2s10s Spread MED
Trevor Charsley Senior Technical Strategist, Corpay 30:40
US dollar strength, go long DXY.
The US dollar is set for further strength supported by safe-haven buying due to the Iran conflict, a higher PCE reading, strong GDP, and bullish technical cycle analysis. Sterling-dollar targets lower than current levels are achievable.
DXY MED
Trevor Charsley Senior Technical Strategist, Corpay 30:47
GBP/USD bearish, go short.
Sterling is bearish against the dollar because the Bank of England is likely to be cautious on rate hikes given a weak economy, and rate hike expectations are being priced out. The technical targets for GBP/USD are lower, and the pair could fall further.
GBP/USD MED
Trevor Charsley Senior Technical Strategist, Corpay 36:20
EUR/JPY eventual downside, watch.
The Euro-Yen carry trade has not run its course yet, but in 3-6 months a fundamental change could cause EUR/JPY to drop significantly. Monitor for eventual reversal of the uptrend that has been in place since 2016.
EUR/JPY MED
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This Bloomberg Markets video, published May 28, 2026, features Ed Yardeni, Ven Ram, Trevor Charsley discussing SPY, US 2s10s Spread, DXY, GBP/USD, EUR/JPY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ed Yardeni, Ven Ram, Trevor Charsley  · Tickers: SPY, US 2s10s Spread, DXY, GBP/USD, EUR/JPY