Israel, Lebanon Reach Ceasefire; Stocks and Oil Slip | Horizons Middle East & Africa 6/4/2026

Watch on YouTube ↗  |  June 04, 2026 at 07:58  |  46:03  |  Bloomberg Markets
Speakers
Gareth Nicholson — CIO, FAB Asset Management
Alain Bejjani — Former CEO, Majid Al Futtaim

Summary

The episode covers a potential Israel-Lebanon ceasefire, market declines after a weak Broadcom forecast, and the record SpaceX IPO filing. It also examines the Iran war's impact on Gulf stability, stagflation concerns, and includes interviews on AI investing, UAE economic resilience, and an Oman fertilizer IPO.

  • Israel and Lebanon agree to a conditional ceasefire, but Hezbollah's acceptance is unclear.
  • U.S. futures fall after Broadcom's disappointing AI revenue forecast, pausing the AI rally.
  • SpaceX files for a $75 billion IPO, the largest ever, aiming for a $1.77 trillion valuation.
  • Gareth Nicholson recommends gold, TIPS, and Asia equities as stagflation hedges.
  • The Iran war is testing the Gulf's reputation as a stable investment haven.
  • Alain Bejjani expresses optimism about UAE real estate recovery driven by local demand.
  • OMIFCO proceeds with a landmark IPO on the Muscat Stock Exchange despite geopolitical uncertainty.
  • Asian markets decline, with the KOSPI and Nikkei falling, while the yen strengthens on BOJ rate hike speculation.
Trade Ideas
Gareth Nicholson CIO, FAB Asset Management 10:48
Long Asia for cheap AI exposure.
Asia equities offer a cheap way to gain exposure to the AI theme because the region is the engineering hub for AI hardware. The speaker sees value still remaining in Asian markets despite recent gains.
AAXJ MED
Gareth Nicholson CIO, FAB Asset Management 11:28
Long gold as stagflation hedge.
Gold is a long-term hedge against stagflation and geopolitical uncertainty. The speaker would buy and hold gold indefinitely, viewing it as a real asset that preserves value when inflation is high and growth is low.
GLD HIGH
Gareth Nicholson CIO, FAB Asset Management 14:15
Long TIPS for stagflation hedging.
TIPS (Treasury Inflation-Protected Securities) are a preferred real-asset investment for a stagflationary environment where inflation remains elevated and growth slows.
TIP HIGH
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This Bloomberg Markets video, published June 04, 2026, features Gareth Nicholson discussing AAXJ, GLD, TIP. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Gareth Nicholson  · Tickers: AAXJ, GLD, TIP