Buzzberg Cup Live

Stocks Set for Best Quarter Since Pandemic; SCOTUS Expands Trump's Power | Bloomberg Brief 6/30/2026

Watch on YouTube ↗  |  June 30, 2026 at 11:43  |  43:23  |  Bloomberg Markets
Speakers
Jack Caffrey — Portfolio Manager, J.P. Morgan Asset Management
Andrea Felsted — Columnist, Bloomberg Opinion
Vonnie Quinn — Anchor, Bloomberg

Summary

US stocks head for their best quarter since the pandemic, while the yen hits a multi-decade low against a strengthening dollar. The Supreme Court expands presidential power but preserves Fed independence. Jack Caffrey of JPMorgan sees rotation into capital markets, transports, and healthcare, while Adidas is highlighted as a standout in sportswear. Oil remains under pressure amid easing Strait of Hormuz tensions and demand concerns.

  • S&P 500 set for best quarterly gain since COVID rebound in 2020, driven by rotation away from mega-cap tech.
  • Yen weakens to 162 versus dollar, its lowest since 1986, as Japan's fiscal expansion fuels bond yield curve steepening.
  • Supreme Court rules Trump can fire heads of independent agencies but explicitly excludes the Federal Reserve, preserving monetary policy independence.
  • Strait of Hormuz shipping tentatively resumes, easing immediate oil supply fears; Morgan Stanley cuts Brent price target and warns of a glut.
  • Jack Caffrey advocates capital markets (banks facilitating growth), transports (pricing power, consolidation), and healthcare (rotation into stable growth).
  • Andrea Felsted calls Adidas 'unstoppable' thanks to fashion momentum, marathon shoes, and World Cup crossover; Nike earnings previewed for early signs of a turnaround.
Ideas
Jack Caffrey Portfolio Manager, J.P. Morgan Asset Management 25:36
Healthcare attracts rotation inflows.
Investors are rotating into stable growth names and healthcare, which is not fully tied to AI spending trends.
XLV LOW
Jack Caffrey Portfolio Manager, J.P. Morgan Asset Management 29:47
Capital markets poised for growth.
Capital markets providers will become vitally important to facilitating growth as technology companies transition away from self-funding; additional drivers include yield curve stabilization, regulatory relief for banks, and increased buyback announcements.
IAI HIGH
Jack Caffrey Portfolio Manager, J.P. Morgan Asset Management 30:46
Transports benefit from consolidation and pricing.
Transportation companies benefit from consolidation, asset base formation, and potential pricing power, playing into the overall U.S. economy and the 'revenge of the physical' theme.
IYT MED
Andrea Felsted Columnist, Bloomberg Opinion 39:09
Adidas strong on fashion and performance.
Adidas has been unstoppable with strong fashion and performance momentum, including marathon-winning shoes and a successful World Cup crossover, making it the standout to watch in sportswear.
ADDYY MED
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This Bloomberg Markets video, published June 30, 2026, features Jack Caffrey, Andrea Felsted discussing XLV, IAI, IYT, ADDYY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jack Caffrey, Andrea Felsted  · Tickers: XLV, IAI, IYT, ADDYY