Ideas
Oil may rise further on conflict.
Middle East escalation and Houthi attacks on Saudi-linked shipping are disrupting the Red Sea workaround and tightening oil markets; if there is no resolution around Hormuz and the Persian Gulf, prices could be pushed even further after both benchmarks topped $100, feeding inflation.
Overweight tech as earnings continue.
Overweight technology because earnings should continue to deliver and AI remains the market's driving force; while earnings broadening is encouraging, you cannot be in this market without technology exposure.
Energy hedges inflation; oil to $120.
Overweight energy as a geopolitical and inflation hedge with positive carry and dividends, effectively paid insurance; he sees oil prices going back to $120 or more.
Avoid consumer on oil margin risk.
Higher oil prices are a risk for consumer companies; the consumer side was the weak spot in earnings, so he wants to steer clear of that area.
Long-end Treasuries vulnerable to more repricing.
Inflation is well above target and the two-year Treasury yield is about 100bp above fed funds, showing the Fed is behind; if the Fed holds rates next week it risks credibility, and long-end yields could rise further, with 5% on the 10-year and 5.5% on the 30-year plausible.
French spreads widen on fiscal worries.
French spreads are widening because the French economy disappointed over the summer and the deficit is likely to be higher than targeted, with higher rates and commodity prices adding to pressure across the board.
Stocks go higher despite higher yields.
Structurally bullish on stocks: higher yields are volatility but not likely to derail equities because rates are high alongside strong growth and earnings; he thinks stocks still go higher next year.
Broadcom, TSMC cheap with robust earnings.
Large AI infrastructure behemoths like Broadcom and TSMC remain interesting: their multiples are relatively low while earnings growth is still robust.
Software is a graveyard.
Software is a graveyard; AI disruption and the intersection of software with traditional staples has made quality as a factor disastrous, and he is cautious on that area.
Gold diversifies against monetary debasement.
Gold is an interesting diversifier because monetary debasement is likely to continue.
Staples, healthcare offer diversification.
Traditional staple and healthcare-related areas have been discarded by the market but may offer diversification over the next couple of months.
Multi-year AI infrastructure buildout remains early.
The AI infrastructure buildout is in the early stages of a multi-year movement; while growth will not be linear, many businesses can compound at high double-digit rates for a long period.
EM equities early bull market.
EM equities are in the early stages of a bull market: this year EM earnings should outpace developed markets, EM central banks have been ahead, dollar appreciation is ending, and large asset owners have talked about EM but not yet shifted allocations, so flows may still come.
Oracle cloud AI pivot progressing.
Oracle's pivot from legacy database software into AI cloud infrastructure is going well; cloud infrastructure revenue growth beat expectations, it did not raise CapEx more than planned, and it delivered the $20 billion fund raising, though funding and delivery questions remain.
Adobe's AI-first shift is working.
Adobe is successfully shifting to an AI-first software company: it is still growing double digits, has positive momentum, and a billion subscribers with a freemium model, even if the latest growth slightly undershot market expectations.
This Bloomberg Markets video, published September 11, 2026,
features Ben Sharples, Julian LaForge, Camille de Cazale, Mark Cudmore, Rinehart, Matt Bloxham
discussing WTI, XLK, XLE, XLY, TLT, French Government Bonds (OATs), SPY, AVGO, TSM, IGV, GLD, XLV, XLP, AIQ, EEM, ORCL, ADBE.
15 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Ben Sharples,
Julian LaForge,
Camille de Cazale,
Mark Cudmore,
Rinehart,
Matt Bloxham
· Tickers:
WTI,
XLK,
XLE,
XLY,
TLT,
French Government Bonds (OATs),
SPY,
AVGO,
TSM,
IGV,
GLD,
XLV,
XLP,
AIQ,
EEM,
ORCL,
ADBE
