Ideas
Nvidia CPU standalone expands CoreWeave tie.
Nvidia is starting to sell its CPU as a standalone offering, with CoreWeave getting the first opportunity to deploy it; this deepens the CoreWeave relationship and expands Nvidia's technology-access story beyond the $2 billion investment.
Chinese yuan below 7 gains momentum.
The Chinese yuan has broken below the psychological 7 handle, which supports its re-inclusion in trend and momentum indices, with the Asian currency block back in focus and divergent.
Favor global high yield and EM debt.
He says global high yield has been the best-performing asset class this year through the first month, and EM credit and EM local-currency debt benefit from the current fiscal and rate environment.
Avoid simple long gold exposure.
She prefers not to be long precious metals in a straightforward way; with gold above $5,000, PNC wants more nimble hedge exposures rather than a static long gold position.
Prefer nimble CTA long-short strategies.
With gold above $5,000 and policy uncertainty elevated, she would focus on a nimble long/short CTA-style strategy to play the hedge or reset rather than a static precious metals position.
Stay long broad U.S. equities.
She wants broad-based exposure to U.S. equities, calling the U.S. the best game in town and saying she is willing to stay on the rally despite policy uncertainty.
Stay long Big Tech secular growth.
Despite lofty valuations and only a shallow dip, she says Big Tech has strong secular tailwinds, fundamentals can support it, and PNC has exposure and wants to remain part of the story over multi-quarter horizons.
Expect 10s30s curve to steepen.
She focuses on yield-curve steepening, expecting the 10- to 30-year portion of the curve to move higher later in the year because of policy uncertainty, which should pose challenges for markets.
Alphabet, Microsoft can fund AI capex.
Balance sheets are stretched across AI infrastructure spenders, but Alphabet and Microsoft still have room to stretch capex and cash flow, making them better positioned than peers funding the buildout.
Nvidia investment eases CoreWeave capex fears.
Nvidia's $2 billion investment calms nerves about CoreWeave's ability to fund capex and gives it a chip-cost subsidy, though CoreWeave still needs to raise additional capital for power, land, and other infrastructure.
Nvidia capital strategy supports AI buildout.
Nvidia's decision to invest in customers like CoreWeave makes sense because it calms nerves about their capex and is a better approach than cutting gross margins to subsidize them; it helps accelerate AI capacity buildout.
Apple AI strategy faces uncertainty.
Apple lacks ownership of large-language-model infrastructure and faces uncertainty over its AI path, Siri revamp, and whether that drives an upgrade cycle, making this week's earnings and AI strategy key to watch.
Defense sector faces valuation, policy risk.
The defense sector rallied more than 40% last year and valuations are elevated; a big bet on U.S. defense spending rising to $1.5 trillion in 2027 has not been signed into law, and RBC says the sector is in the political crosshairs.
Lockheed, General Dynamics are cheap defense.
Lockheed Martin and General Dynamics trade at a discount to the broader market on forward P/E and are pockets of opportunity in defense, even as the sector overall has high valuations and policy risk.
Dollar likely range-bound and volatile.
She says the dollar is one of her lowest-conviction views for 2026, expecting it to be range-bound but volatile as strong U.S. growth policies battle geopolitical instability and hedging demand; it should play a smaller role in diversification.
Stay invested in U.S. assets.
She expects a range-bound but volatile dollar and says the right posture is to stay invested in U.S. assets for growth while diversifying geographically, by sector, and by currency into other markets.
Rising inflation threatens U.S. bonds.
Core inflation is expected to move above 3%, making Fed cuts difficult; if inflation ticks higher, the benign U.S. bond market comes into question, and a 10-year yield closer to 4.5% would cause meaningful disruption and is a key positioning risk.
Tesla autonomy drives 2026 upside.
Tesla's 2026 is pivotal with robotaxi expansion, Cybercab launch, FSD and eyes-off features, and Optimus; autonomy is integrated with vehicle demand and can create cost-per-mile advantages, more revenue, and higher vehicle sales.
Baker Hughes benefits from data-center power.
Baker Hughes should be viewed as an energy technology company serving data centers and power generation, not just oil services; it beat Q4 estimates, raised its data-center order target to $3 billion for 2025-27, and sees electricity consumption doubling through 2040.
Power demand doubles through 2040.
He feels very good about the outlook for power generation and electricity consumption, which he expects to double from now through 2040, benefiting Baker Hughes and the broader energy technology space.
Crude oil may stay soft in 2026.
He does not try to predict oil prices, but says there is enough supply currently and expects 2026 to be relatively soft for oil even as demand continues to increase.
This Bloomberg Markets video, published January 26, 2026,
features Ed Ludlow, Damian Sassower, Amanda Agati, Mandeep Singh, Matthew, Lauren Goodwin, Itay Michaeli, Lorenzo Simonelli
discussing NVDA, CNY, Global high yield, EMB, EMLC, GLD, CTA strategy, SPY, XLK, Long-end US Treasuries, GOOG, MSFT, CoreWeave, AAPL, ITA, LMT, GD, USD, US assets, IEF, TSLA, BKR, XLU, WTI.
21 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Ed Ludlow,
Damian Sassower,
Amanda Agati,
Mandeep Singh,
Matthew,
Lauren Goodwin,
Itay Michaeli,
Lorenzo Simonelli
· Tickers:
NVDA,
CNY,
Global high yield,
EMB,
EMLC,
GLD,
CTA strategy,
SPY,
XLK,
Long-end US Treasuries,
GOOG,
MSFT,
CoreWeave,
AAPL,
ITA,
LMT,
GD,
USD,
US assets,
IEF,
TSLA,
BKR,
XLU,
WTI
