Investors on Edge: Tech Woes, Trump's Tariffs & The Fed | Open Interest 7/24/2026

Watch on YouTube ↗  |  July 24, 2026 at 16:47  |  1:29:11  |  Bloomberg Markets
Speakers
Ryan — Tech Reporter, Bloomberg
Marta Norton — Chief Investment Strategist, Empower
Marija Veitmane — State Street Global Markets Head of Research
Boon Chye Loh — CEO, Singapore Exchange
Ben Elliott — Bloomberg Intelligence Analyst
Nathan Dean — Senior US Policy Analyst, Bloomberg Intelligence
Tyler Kendall — Multimedia Editor, Bloomberg

Summary

The episode covers Intel's strong AI-driven earnings and turnaround hopes, the big tech sell-off viewed as a buying opportunity, Trump's new tariff actions, SpaceX's shift to Starship, and SGX's expansion. Guests Marta Norton and Marija Veitmane provide strategies favoring U.S. equities, tech, healthcare, and fixed income, while economist Douglas Irwin discusses trade policy uncertainty.

  • Intel beats earnings but stock turns negative on capex worries; AI demand supports turnaround.
  • Magnificent Seven sell-off seen as long-term buying opportunity in hyperscalers and software.
  • Trump imposes new Section 301 tariffs based on forced labor enforcement, reigniting trade policy risk.
  • SpaceX will stop taking new Falcon 9 reservations beyond 2028 as it bets on Starship.
  • SGX partners with MSCI to expand derivatives products, targets growth in listings and FX.
  • Fed meeting next week with markets pricing ~30% chance of a rate hike amid inflation and oil cost concerns.
  • Strategists prefer U.S. equities over Europe, favor tech, and recommend healthcare and fixed income as defensives.
Ideas
Ryan Tech Reporter, Bloomberg 1:42
Intel turnaround driven by AI demand
Intel's turnaround is on track, driven by strong AI demand and growing foundry business momentum. The recent revenue forecast beat estimates, and the stock has done well in the past year, indicating positive progress.
INTC MED
Marta Norton Chief Investment Strategist, Empower 18:29
AI sell-off is a long-term buy
The recent sell-off in Magnificent Seven stocks presents a long-term dip-buying opportunity as hyperscalers and software companies provide value within the AI trade, though patience is required given high capex spending.
MAGS MED
Marta Norton Chief Investment Strategist, Empower 25:00
Fixed income attractive at high yields
Fixed income offers attractive value for diversified investors at current elevated yield levels, as yields price in significant real rate and inflation risk.
TLT MED
Marta Norton Chief Investment Strategist, Empower 25:23
Healthcare is a defensive play now
Healthcare provides a defensive exposure to navigate market uncertainty from elevated oil prices and AI-related volatility.
XLV MED
Marija Veitmane State Street Global Markets Head of Research 49:10
Long US equities, short Europe
U.S. equities are preferred over European equities due to stronger and more predictable earnings; European companies face challenges in delivering on optimistic expectations.
FEZ MED
Marija Veitmane State Street Global Markets Head of Research 49:10
Long US equities, short Europe
U.S. equities are preferred over European equities due to stronger and more predictable earnings; European companies face challenges in delivering on optimistic expectations.
SPY MED
Marija Veitmane State Street Global Markets Head of Research 51:55
Buy tech semis and software now
Tech, particularly semiconductors and software, is the only sector offering stable, predictable earnings growth; the recent sell-off is a buying opportunity.
IGV SMH MED
Boon Chye Loh CEO, Singapore Exchange 70:49
SGX growth outlook strong
SGX is expanding its global derivatives business via MSCI partnership, seeing strong growth in indexes, commodities, and FX, with a robust IPO pipeline, positioning it for continued growth.
S68.SI MED
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This Bloomberg Markets video, published July 24, 2026, features Ryan, Marta Norton, Marija Veitmane, Boon Chye Loh discussing INTC, MAGS, TLT, XLV, FEZ, SPY, IGV, SMH, S68.SI. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ryan, Marta Norton, Marija Veitmane, Boon Chye Loh  · Tickers: INTC, MAGS, TLT, XLV, FEZ, SPY, IGV, SMH, S68.SI