S&P 500 Set for Longest Weekly Rally Since 2023 | The Close 5/22/2026

Watch on YouTube ↗  |  May 22, 2026 at 22:56  |  1:30:15  |  Bloomberg Markets
Speakers
Victoria Fernandez — Representative, Crossmark Global Investments
Dan Ives — Managing Director, Wedbush Securities
Filippo Falorni — Director of Equity Research, Citi
Ayako Yoshioka — Senior Investment Strategist, Wealth Enhancement
Rishi Jaluria — Managing Director of Software Equity Research, RBC Capital Markets
Eric Balchunas — Senior ETF Analyst, Bloomberg Intelligence

Summary

Bloomberg's The Close covers the S&P 500's eighth consecutive weekly gain, driven by AI and tech momentum. Guests discuss sector rotation into energy and utilities, cybersecurity demand, Estée Lauder's turnaround, healthcare as a defensive play, and MongoDB's AI tailwind. Macro risks include consumer weakness, elevated oil prices, and a new Fed chair.

  • S&P 500 posts longest weekly winning streak since 2023, up 1% on the week.
  • Tech rally narrows, with semiconductors leading and software under pressure.
  • Crossmark's Fernandez recommends energy and utilities as buffers against consumer weakness.
  • Wedbush's Ives highlights cybersecurity stocks CrowdStrike and Palo Alto as AI beneficiaries.
  • Citi's Falorni upgrades Estée Lauder on turnaround and margin expansion path.
  • Wealth Enhancement's Yoshioka suggests healthcare as a defensive sector outside AI.
  • RBC's Jaluria favors MongoDB for AI database play with future revenue catalyst.
  • New Fed Chair Kevin Warsh sworn in; inflation and rate hike risks remain in focus.
Trade Ideas
Victoria Fernandez Representative, Crossmark Global Investments 8:40
Long energy and utilities as buffers.
Avoid consumer discretionary and favor energy and utilities sectors which are in an uptrend and can serve as buffers against consumer weakness and market volatility in the second half of the year.
XLU XLE MED
Dan Ives Managing Director, Wedbush Securities 12:43
Long cybersecurity stocks on AI demand.
Cybersecurity demand from AI models will be a bigger demand story; CrowdStrike and Palo Alto Networks are positioned to benefit from this trend.
PANW CRWD MED
Filippo Falorni Director of Equity Research, Citi 17:44
Long Estée Lauder on turnaround strategy.
Estée Lauder's Beauty Reimagined strategy is gaining traction with China acceleration, US expansion via Amazon/TikTok, and a path to mid-teens operating margins, supporting a buy rating.
EL HIGH
Ayako Yoshioka Senior Investment Strategist, Wealth Enhancement 42:26
Long healthcare as defensive AI alternative.
Healthcare is a defensive sector with demand outside of AI, has been oversold, and provides diversification against the concentrated tech rally.
XLV MED
Rishi Jaluria Managing Director of Software Equity Research, RBC Capital Markets 67:36
Long MongoDB on AI database tailwind.
MongoDB is well-positioned as a database for AI applications leveraging unstructured data, with adoption from AI-native companies like Anthropic, Cursor, and 11labs; a new CEO adds to the positive outlook, and the revenue tailwind has not yet materialized.
MDB HIGH
Up Next
2:58
SpaceX Starship Lifts Off in High-Stakes Test
Bloomberg Markets · May 22
6:32
Grocery Stores Feel Crunch of Fuel, Labor Costs Ahead of Memorial Day
Bloomberg Markets · May 22
2:45:22
LIVE: Stocks UP, Crypto DOWN! How To Trade Every BLACK SWAN Event... Everyone Is Getting RICH?
Thread Guy · May 22
11:04
The New Japan Trade
Morgan Stanley · May 22
8:14
HADDAD: "COLOCARAM R$200 BI NA CONTA DO LULA"
Market Makers · May 22

This Bloomberg Markets video, published May 22, 2026, features Victoria Fernandez, Dan Ives, Filippo Falorni, Ayako Yoshioka, Rishi Jaluria discussing XLU, XLE, PANW, CRWD, EL, XLV, MDB. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Victoria Fernandez, Dan Ives, Filippo Falorni, Ayako Yoshioka, Rishi Jaluria  · Tickers: XLU, XLE, PANW, CRWD, EL, XLV, MDB