Mag 7 Earnings Test $16T AI Rally | Open Interest 4/27/2026
Speakers
Rebecca Patterson
— Senior Fellow at the Council on Foreign Relations, former Chief Investment Strategist at Bridgewater Associates
Summary
This episode of Bloomberg Open Interest covers a crucial week for Big Tech earnings, with five of the Magnificent Seven reporting. It also discusses the Fed meeting, Iran Strait of Hormuz tensions, and private credit stress. Guests include Rebecca Patterson, Mandeep Singh, Kelly Covley, Steve Ketchum, Tony Sage, and Haas F1 boss Ayao Komatsu.
- Five Mag 7 stocks worth $16 trillion report earnings this week, testing the AI rally.
- The Fed is expected to hold rates steady; Kevin Warsh nomination advances.
- Iran proposes reopening the Strait of Hormuz but delaying nuclear talks.
- Microsoft and OpenAI amend their deal, making the license nonexclusive.
- Private credit CEO Steve Ketchum sees opportunity in current distress.
- Critical Metals CEO Tony Sage discusses rare earth processing expansion.
- Energy sector leads as oil gains; Qualcomm rises on OpenAI device speculation.
- Haas F1 team focuses on Miami Grand Prix and 2026 regulatory changes.
