Bloomberg Surveillance 5/28/2026

Watch on YouTube ↗  |  May 28, 2026 at 16:45  |  2:24:12  |  Bloomberg Markets
Speakers
Dan Ives — Managing Director, Wedbush Securities
Emily Roland — Co-Chief Investment Strategist, John Hancock
Matt Stucky — Chief Portfolio Manager, Northwestern Mutual
Bob Doll — Crossmark Global Investments
Kay Herr — JPMorgan Asset Management
Sucharita Kodali — Retail Analyst, Forrester

Summary

The episode covers multiple topics: escalating Iran-U.S. military strikes and their impact on oil and markets, release of hot PCE inflation data, earnings from retailers (Best Buy, Dollar Tree, Kohl's) and tech (Snowflake, Salesforce, Marvell), and Fed policy expectations. Guests provide investment insights on semiconductor stocks, bonds, and market rotation into small/mid caps.

  • Iran-U.S. ceasefire violations and fresh strikes keep oil prices elevated near $97 Brent.
  • PCE inflation came in at 3.8% headline and 3.3% core, reinforcing concerns about sticky inflation.
  • Retail earnings showed a K-shaped consumer: discounters and electronics outperformed while department stores lagged.
  • Snowflake surged 37% after a strong outlook and $6 billion AWS deal, highlighting AI software winners.
  • Dan Ives recommends owning semiconductor stocks and Snowflake, citing AI-driven demand.
  • Emily Roland favors locking in bond yields over cash, arguing bonds offer value.
  • Matt Stucky prefers small and mid-cap stocks over large caps, citing broadening earnings growth.
  • Fed officials signal a potential hawkish pivot, with markets pricing in possible rate hikes.
Trade Ideas
Dan Ives Managing Director, Wedbush Securities 30:47
Snowflake is a seminal AI winner.
Snowflake had a seminal quarter, raising its outlook and signing a $6 billion deal with AWS. Its position as a data warehouse and AI ghost trade makes it a winner as companies deploy AI models.
SNOW HIGH
Dan Ives Managing Director, Wedbush Securities 34:48
Buy semiconductor stocks for AI demand.
Investors should own semiconductor stocks because AI monetization is driving chip demand, and the sector is a key beneficiary of the AI buildout. The broadening out of AI use cases will sustain chip demand.
SMH HIGH
Emily Roland Co-Chief Investment Strategist, John Hancock 54:41
Bonds are a value, lock in income.
Bonds offer value at current elevated yields. Locking in that income is preferable to sitting in cash, as the bond market has priced in a more hawkish Fed and yields are attractive relative to equities.
AGG MED
Matt Stucky Chief Portfolio Manager, Northwestern Mutual 138:47
Overweight small/mid, underweight large caps.
Prefer small caps and mid caps over US large caps because the market broadening is taking place, with earnings revision growth stronger in smaller names. Small/mid caps have higher labor intensity, giving them more operational leverage from AI productivity gains. Large caps are overvalued and concentrated.
IWM IJH MED
Matt Stucky Chief Portfolio Manager, Northwestern Mutual 138:47
Overweight small/mid, underweight large caps.
Prefer small caps and mid caps over US large caps because the market broadening is taking place, with earnings revision growth stronger in smaller names. Small/mid caps have higher labor intensity, giving them more operational leverage from AI productivity gains. Large caps are overvalued and concentrated.
SPY MED
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This Bloomberg Markets video, published May 28, 2026, features Dan Ives, Emily Roland, Matt Stucky discussing SNOW, SMH, AGG, IWM, IJH, SPY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Dan Ives, Emily Roland, Matt Stucky  · Tickers: SNOW, SMH, AGG, IWM, IJH, SPY