Bloomberg Surveillance 6/18/2026

Watch on YouTube ↗  |  June 18, 2026 at 15:09  |  2:24:22  |  Bloomberg Markets
Speakers
Vonnie Quinn — Anchor, Bloomberg
Kay Haigh — Head of Content, CoinDesk
Anastasia Amoroso — iCapital
Scott Chronert — Managing Director, Citi
Ed Yardeni — President, Yardeni Research
PoOJA Kumra — Senior European Rates Strategist, TD Securities
Claudia Sahm — Economist, Federal Reserve Board
Norman Roule — Senior Adviser, CSIS
Rick Wurster — President & CEO, Charles Schwab
Jessica Noviskis — Managing Director, Marquette Associates

Summary

Bloomberg Surveillance covered market reactions to new Fed Chair Kevin Warsh's hawkish debut emphasizing 2% inflation and potential rate hikes, alongside a U.S.-Iran interim peace deal that sent oil prices sharply lower. Equities rallied on falling energy costs, while the yield curve flattened. Analysts discussed rising two-year Treasury volatility, attractive long-duration bonds, and bullish views on data centers, real estate, S&P 500, and semiconductor stocks like Intel and Marvell.

  • Fed Chair Kevin Warsh struck a hawkish tone, prioritizing price stability, with nine FOMC members projecting rate hikes this year.
  • A 60-day U.S.-Iran interim deal was signed, reopening the Strait of Hormuz and causing WTI crude to drop below $76.
  • Equity markets extended gains led by tech and small-caps, helped by lower oil prices despite the hawkish central bank backdrop.
  • Goldman's Kay Haigh sees more two-year Treasury volatility and finds long-duration bonds more attractive as long-end volatility declines.
  • Partners Group's Anastasia Amoros says anchored long-end rates support higher valuations for data centers and real estate.
  • Citi's Scott Chronert remains constructive on U.S. equities, targeting S&P 500 at 8100 driven by AI capex and eventual earnings broadening.
  • Apple CEO Tim Cook signaled unavoidable product price hikes due to surging memory chip costs, boosting memory chip stocks like Marvell.
  • President Trump announced an Intel-Apple partnership for domestic chip production, lifting Intel shares.
Ideas
Vonnie Quinn Anchor, Bloomberg 27:11
Intel benefits from Apple partnership.
President Trump's announcement that Intel will partner with Apple on domestic chip production is a significant positive for Intel, as it could secure a large client and validate its domestic manufacturing strategy.
INTC MED
Vonnie Quinn Anchor, Bloomberg 27:35
Memory chipmakers have pricing power.
Apple CEO Tim Cook's statement that rising memory chip prices are unsustainable and will force Apple to raise product prices indicates strong pricing power for memory chipmakers, making stocks like Marvell Technology attractive.
MRVL SMH MED
Kay Haigh Head of Content, CoinDesk 42:09
Two-year Treasury volatility will rise.
The Fed's hawkish focus on inflation, combined with less forward guidance and high data dependency, will lead to significantly more volatility in the two-year Treasury sector going forward.
2-Year U.S. Treasury Note HIGH
Kay Haigh Head of Content, CoinDesk 43:00
Long-duration bonds become more attractive.
The Fed's clear commitment to price stability and potential task-force reforms could reduce volatility at the long end of the yield curve, making long-duration Treasuries more attractive for investors.
Long-Term U.S. Treasury Bonds HIGH
Anastasia Amoroso iCapital 83:21
Lower long-end rates boost real assets.
A hawkish Fed that successfully anchors inflation expectations will keep long-end rates low, leading to lower cap rates and higher valuations for data centers and real estate assets.
DTCR XLRE MED
Scott Chronert Managing Director, Citi 104:08
S&P 500 will grind higher.
Despite near-term hawkish Fed risk, the AI capex super cycle and eventual earnings broadening support a constructive U.S. equity outlook, with Citi maintaining an S&P 500 target of 8100.
SPY HIGH
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This Bloomberg Markets video, published June 18, 2026, features Vonnie Quinn, Kay Haigh, Anastasia Amoroso, Scott Chronert discussing INTC, MRVL, SMH, 2-Year U.S. Treasury Note, Long-Term U.S. Treasury Bonds, DTCR, XLRE, SPY. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Vonnie Quinn, Kay Haigh, Anastasia Amoroso, Scott Chronert  · Tickers: INTC, MRVL, SMH, 2-Year U.S. Treasury Note, Long-Term U.S. Treasury Bonds, DTCR, XLRE, SPY