Stocks in the Red Amid Geopolitical Uncertainty | The Close 7/27/2026

Watch on YouTube ↗  |  July 27, 2026 at 23:11  |  1:31:26  |  Bloomberg Markets
Speakers
Lauren Lieberman — Managing Director, US Equity Research Analyst, Barclays
Jason Pride — Chief of Investment Strategy and Research, Glenmede
Kim Forrest — CIO, Bokeh Capital Partners
Romaine Bostick — Anchor, Bloomberg
Julia Hermann — Global Market Strategist at New York Life Investment Management
Gary Marcus — Professor Emeritus, NYU
Betsy Duke — Former Federal Reserve Governor, former Wells Fargo Chair

Summary

Oil plunges 9% after the US pauses strikes on Iran, removing some geopolitical risk premium. Tech stocks slip ahead of massive mega-cap earnings, while software and small caps outperform. Interviews cover Coca-Cola's steady growth, broadening earnings strength supporting equities, Apple's winning AI strategy, and concerns over NVIDIA's capital spending. Former Fed governor makes a case for a rate hike, and consumer trends in health and longevity are highlighted.

  • Oil prices sink 9% as US pauses Iran strikes, easing supply-disruption fears
  • S&P 500 nearly unchanged with rotation into software, small caps, and staples
  • Lauren Lieberman bullish on Coca-Cola citing consistent topline and brand strength
  • Jason Pride sees 20%+ earnings growth broadening beyond mega-caps, supporting equities
  • Kim Forrest favors Apple and Amazon, cautious on NVIDIA over circular funding
  • Betsy Duke argues a good case exists for a quarter-point Fed rate hike
  • CAVU partners discuss longevity and consumer health as structural investment themes
  • Five Guys CEO says company remains family-run with no immediate plans to go public
Ideas
Lauren Lieberman Managing Director, US Equity Research Analyst, Barclays 17:37
Coke delivers consistent strong topline growth
Coca-Cola has delivered consistent and predictable topline growth, driven by strong brand equities and momentum behind Brand Coke from global events like the FIFA World Cup. The company maintains affordability through price-pack architecture and has outperformed peers year-to-date, with no signs of the demand weakness seen in other staples names.
KO MED
Jason Pride Chief of Investment Strategy and Research, Glenmede 37:45
Broad earnings growth supports U.S. equities
Broad-based 20%-plus earnings growth is not limited to mega-cap tech; the rest of the market is now delivering double-digit growth as stimulus works through company books. This strong fundamental backdrop supports above-average equity valuations and resilience even in the face of geopolitical uncertainty.
SPY MED
Kim Forrest CIO, Bokeh Capital Partners 58:05
Apple's restraint strategy is a winner
Apple's strategy of restraint in AI is a winning one: as a hardware provider, it does not need to build its own models but can let the end user choose any AI that works on their device. This positions Apple as the likely star of the earnings season, avoiding the capex risk that hurts other tech names.
AAPL HIGH
Kim Forrest CIO, Bokeh Capital Partners 60:46
NVIDIA's circular funding raises concerns
NVIDIA's wave of large deals and circular funding, where it invests in clients that ultimately feed revenue back to NVIDIA, raises concerns about conflicts of interest and the sustainability of its growth model. This structure is riskier than customer-funded spending models like Amazon's.
NVDA MED
Kim Forrest CIO, Bokeh Capital Partners 61:27
Amazon's customer-funded AI spending is fine
Amazon is a holding in the firm’s portfolio and its AI spending is aimed at satisfying its customer base in a non-circular way. Unlike NVIDIA, Amazon's customers will pay for the services, making the spending recoverable and a reasonable growth investment.
AMZN HIGH
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This Bloomberg Markets video, published July 27, 2026, features Lauren Lieberman, Jason Pride, Kim Forrest discussing KO, SPY, AAPL, NVDA, AMZN. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lauren Lieberman, Jason Pride, Kim Forrest  · Tickers: KO, SPY, AAPL, NVDA, AMZN