Buzzberg Cup Live

Warsh Defends a Fed Under Fire | Open Interest 7/15/2026

Watch on YouTube ↗  |  July 15, 2026 at 17:27  |  1:27:06  |  Bloomberg Markets
Speakers
Victoria Fernandez — Representative, Crossmark Global Investments
Diane Swonk — Chief Economist, KPMG
Ed Ludlow — Co-Host, Bloomberg Technology
Shyam Sankar — CTO, Palantir Technologies

Summary

The show covers strong bank earnings from Morgan Stanley and Goldman Sachs, an ASML beat lifting chip stocks, a J&J medtech miss, and softer PPI data. Fed Chair Kevin Warsh testifies on inflation and policy. Palantir's CTO discusses defense AI adoption. KPMG's Diane Swonk argues for two more rate hikes. Market strategist Victoria Fernandez recommends rotating from tech into financials.

  • Morgan Stanley reports record stock trading revenue and strong wealth management inflows.
  • ASML beats earnings and raises its forecast, boosting semiconductor stocks globally.
  • Johnson & Johnson's medtech segment misses expectations, dragging on healthcare shares.
  • Producer price inflation comes in softer than expected, offering some relief to bond markets.
  • Fed Chair Kevin Warsh testifies, reaffirming commitment to restoring price stability.
  • Palantir CTO Shyam Sankar highlights the Pentagon's acceleration of AI and new weapons spending.
  • KPMG Chief Economist Diane Swonk says two more rate hikes are still needed to tame inflation.
  • Crossmark strategist Victoria Fernandez advocates rotating from overbought tech into the financial sector.
Ideas
Victoria Fernandez Representative, Crossmark Global Investments 24:40
Rotate from overbought tech into financials.
Financials are in an uptrend with many banks hitting three-month highs, while tech appears overbought. This supports rotating out of tech and into financials for the coming months.
XLF MED
Victoria Fernandez Representative, Crossmark Global Investments 24:40
Rotate from overbought tech into financials.
Financials are in an uptrend with many banks hitting three-month highs, while tech appears overbought. This supports rotating out of tech and into financials for the coming months.
TECH MED
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This Bloomberg Markets video, published July 15, 2026, features Victoria Fernandez discussing XLF, TECH. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Victoria Fernandez  · Tickers: XLF, TECH